Bank for International Settlements to allow banks to keep 1% of reserves in Bitcoin

"Despite its skeptical approach to digital currencies, exacerbated by the recent cryptocurrency market crash, it looks like the Bank for International Settlements (BIS) intends to extend its hand to the new asset class by allowing banks to hold up to 1% of reserves in cryptocurrencies such as Bitcoin (BTC)."

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Tommaso Tosi

commented 1 month ago

This is HUGE.

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