Swiss Regulator Instructs Banks to Assign 800 Percent Market Value Risk Weighting to Cryptoassets

Swiss Regulator Instructs Banks to Assign 800 Percent Market Value Risk Weighting to Cryptoassets

The Swiss Financial Market Supervisory Authority (FINMA) has instructed banks in the country who handle cryptocurrency to weight cryptoassets at eight times their market value when calculating loss-absorbing capital. According to a secret letter quoted by swissinfo.ch in a story published on November 5, 2018, the regulator has imposed the new rule to protect the stability of the Swiss banking…Read More. The post by Priyeshu Garg appeared first on BTCManager, Bitcoin, Blockchain & Cryptocurrency News

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