Which cryptoassets are subject to capital requirements?
Could you please elaborate on the cryptoassets that are subject to capital requirements? I'm curious to understand which specific types of digital currencies or assets fall under this category, and what implications this may have for investors and market participants. Additionally, are there any regulatory bodies or frameworks in place that determine which cryptoassets are subject to these requirements, and how they are enforced? I'm eager to gain a better understanding of this topic and its potential impact on the crypto industry.
What are the Basel capital requirements for Group 1 cryptoassets?
Could you please explain in detail what the Basel capital requirements entail specifically for Group 1 cryptoassets? I'm particularly interested in understanding the risk weights assigned to these assets and how they differ from other asset classes. Additionally, I'd like to know if there are any specific guidelines or frameworks in place to assess the creditworthiness of these cryptoassets within the context of Basel regulations. It would be helpful if you could also touch upon any potential challenges or implications these requirements may have on the crypto industry as a whole.