“Pending the finalisation of the framework, MAS requires Singapore-incorporated banks to apply a 1250% risk weight for exposures to riskier cryptoassets such as Bitcoin and Ether,” he said. “… Based on MAS’ minimum total capital adequacy requirement of 10% for systemically important banks incorporated in Singapore, this means that Singapore-incorporated banks are required to hold $125 of capital against an exposure of $100 to a cryptoasset like Bitcoin.”
Guide to Achieving a Strong Blockchain Marketing Strategy in 2023
Blockchain technology has been rapidly growing in popularity over the past few years, and it is expected to continue its...
