Bitcoin Bond CEO Challenges US Banking Regulators
Bitcoin & Crypto News Today | 2 Min News | The Daily News Now! · The Daily News Now!
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Show Notes
Pierre Rochard, CEO of The Bitcoin Bond Company, challenges US banking regulators to clarify their stance on Bitcoin in the Basel three overhaul. Currently, the regulators proposals ignore Bitcoin, leaving a significant gap in capital rules for credit risk, market risk, and operational risk. Rochard warns that this ambiguity could lead to legal challenges and uncertainty for banks involved in Bitcoin activities. He urges regulators to provide clear guidance on how they plan to handle Bitcoin holdings, lending, custody, and derivatives, which could potentially boost bank profits and cut borrowing costs.
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