It is exciting to see traditional financial institutions and regulators mainstreaming cryptocurrencies. However, most of these banks are tokenizing. authorized This is a network encouraged by regulators. Last December, the Basel Committee on Banking Supervision announced plans to revise bank capital standards for cryptocurrency. decided The highest bank capital requirements will remain for crypto assets held on permissionless blockchains because they “create risks that cannot currently be sufficiently mitigated.” The committee probably concluded this because permissionless blockchains are maintained by thousands of validators who are not subject to regulators, while permissioned networks are controlled by banks.
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