Basel Committee Finalizes Policy Suggesting 2% Bitcoin Exposure Cap For Banks \ stacker news ~bitcoin

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Basel Committee Finalizes Policy Suggesting 2% Bitcoin Exposure Cap For Banks bitcoinmagazine.com/legal/bis-finalizes-bitcoin-bank-limits

124 sats \ 5 comments \ @SatoshiNakanodo 16 Dec 2022 bitcoin

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0 sats \ 0 replies \ @ExponentialBTC 16 Dec 2022

Idk why Bitcoiners need to hear this, but the BIS is not our friend.

https://twitter.com/samcallah/status/1603828219597139968 [Nitter]

0 sats \ 2 replies \ @siggy47 16 Dec 2022

I don't care if banks can hold bitcoin or not. It won't matter. They will become irrelevant either way

0 sats \ 1 reply \ @NorthKoreanHostage 16 Dec 2022

I think you missed the big idea.

Banks are adopting Bitcoin in significant amounts.

This means the price of Bitcoin is going to go up a lot (more than it would've otherwise) in the next bull run.

This further legitimizes Bitcoin in the eyes of the masses.

0 sats \ 0 replies \ @siggy47 16 Dec 2022

From a price standpoint I agree. My point was that the idea of centralized banks and decentralized bitcoin work towards opposite ends.

0 sats \ 0 replies \ @jk_14 16 Dec 2022

"The BIS had previously considered a policy of 1% for global banks. In turn, the banks requested a 5% reserve limit. This 2% appears to be a compromise between the two."

LOL