Need to know what happened in crypto today? Here is the latest news on daily trends and events impacting Bitcoin price, blockchain, DeFi, NFTs, Web3 and crypto regulation.
Today in crypto, the chair of the Basel Committee on Banking Supervision told the FT they may need a “different approach” to the current 1,250% risk weighting for crypto exposures that applies to banks, US Senator Tim Scott said he’s pushing a vote on the crypto market structure bill in December, and a Cloudflare outage temporarily blocked access to several cryptocurrency platforms and social media sites.
Global bank regulators are preparing to revisit their most stringent crypto rules after the United States and the United Kingdom refused to implement them, a move that threatens to unravel the long-standing consensus of the Basel Committee.
In an interview with the Financial Times, Erik Thedéen, the governor of the Swedish central bank and chair of the Basel Committee on Banking Supervision (BCBS), said they may need a “different approach” to the current 1,250% risk weighting for crypto exposures.
