All posts tagged "Bitcoin"
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419Capital / LiquidityBCBS Issues New Consultation on Banks’ Cryptoasset Exposures
Total bank exposures to Group 2 cryptossets would be capped at 1% of Tier 1 capital. Banks would be permitted to recognise hedging for certain Group 2 cryptoassets.
July 1, 2022 -
305ChinaChinese Courts Rule Sales Agreement Involving Crypto as Invalid
The court said virtual currencies are not legal tender, referencing the 2017 declaration from the PBOC. A higher court upheld the ruling.
June 27, 2022 -
255Crypto / Digital AssetsBitcoin Consumes Less Energy than Classical Payments: Report
Research report finds that the Lightning network enables a single Bitcoin transaction to become 194 million times more energy-efficient than a classical payment.
June 26, 2022 -
359Crypto / Digital AssetsIndia: Crypto Exchanges Call on NPCI to Restore UPI Services
Since April, Indian crypto exchanges have not been able to accept deposits via the UPI. BACC members are asking for a reversal of the decision.
June 23, 2022 -
453ChinaShanghai Strengthens Efforts to Curb Crypto Mining
Crypto mining has continued in China despite a government ban on such activities since May 2021.
June 17, 2022 -
413Crypto / Digital AssetsADDX to Recognise Crypto Assets for Investor Onboarding
ADDX will begin recognising bitcoin and ether using a 50 percent haircut and stablecoin USDC using a 10 percent haircut.
June 14, 2022 -
471Crypto / Digital AssetsCFTC Files Suit Against Winklevoss-founded Crypto Exchange
The CFTC says Gemini misled the regulator about whether it could prevent manipulation in the prices used as a benchmark for a bitcoin futures contract.
June 3, 2022 -
457Crypto / Digital AssetsCME to Launch Crypto Reference Rates, Indices in Euro
New non-tradable EUR-denominated reference rates and real-time indices for Bitcoin and Ether will be published starting 6 June.
May 25, 2022 -
651Capital / LiquidityISDA Analysis Shows Effectiveness of Crypto Hedging
The analysis suggests that a less punitive capital framework should be considered for banks' exposures to Bitcoin and Ethereum.
May 24, 2022 -
606AML / KYCUS Federal Court Declares Crypto Subject to Sanctions Laws
A newly unsealed federal court opinion supports the DOJ's first criminal prosecution involving the use of crypto for sanctions evasion.
May 20, 2022
