BIS Allows Banks to Hold 2% Of Their Reserves in Cryptocurrencies

The Bank for International Settlements (BIS) has now allowed banks to now hold 2% of their reserves in cryptocurrencies as per its recently released Prudential Treatment of Crypto Asset exposure report for December 2022. In June, the BIS had allowed only a few banks to hold not more than 1% of their reserves in cryptos. The post BIS Allows Banks to Hold 2% Of Their Reserves in Cryptocurrencies appeared first on Coin Edition .