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Coin Edition

2022-12-17 09:53:00

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

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 .

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