46 - Why Most Banks Will Not Hold Crypto Assets Any Time Soon - a podcast by Yana Afanasieva
from 2021-08-16T01:00
The pan-governmental regulatory body, The Basel Committee, recently released a draft document which contains a proposal that is sure to change the cryptocurrency landscape. In this episode, I explain what the proposed regulation means for banks who are holding cryptocurrencies, and the opportunities that this brings about for Fintech companies who are not held to the same excessive restrictions.
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Today's episode:
[01:02] The draft issued by The Basel Committee regarding banks and cryptocurrencies.
[02:27] An explanation of capital adequacy requirements that banks are subjected to.
[03:11] How banks calculate the amount of reserves of particular assets they need to hold.
[04:02] What The Basel Committee’s proposed high-risk categorization of cryptocurrencies means for banks holding cryptocurrencies.
[05:46] Experts’ opinions on what the proposal means for the future of banks holding cryptocurrencies.
[06:42] Interest that banking customers are showing in cryptocurrencies.
[07:10] Partnerships that banks are considering entering into in order to meet their customers' desires for cryptocurrencies.
[08:20] Examples of partnerships between banks and other organizations which already exist.
[09:18] My thoughts about the future of this industry, and the opportunities for Fintech companies.
[11:15] The workshop I am going to be holding on August 24th.
Show links:
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