The BIS allows banks to hold 2% of reserves in Crypto! #shorts

#shorts #crypto #news

The Bank for International Settlements (BIS) has recently released its Prudential Treatment of Cryptoassets exposure for December 2022.

They have introduced a new policy that permits banks to hold 2% of their reserves in Cryptocurrency.

The policy, which covers several aspects of how Cryptoassets are to be defined and processed, will take effect on January 1st, 2025.

Is it good for Crypto? Let me know what you think in the comments below!

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