Carlos Felipe Barros

HODL

[Carlos Felipe Barros @cfb4rros]

@BitcoinMagazine • Provisional limit set at 1% of Tier 1 capital, to be reviewed periodically.
• Limit applied jointly to all Group 2 cryptoassets on gross exposures with no netting or recognition
of diversification benefits.
• Measurement of derivative exposures via a delta-equivalent method

[Carlos Felipe Barros @cfb4rros]

@BitcoinMagazine The full document can be found in this link: https://t.co/VhcmwhSBVB

[Carlos Felipe Barros @cfb4rros]

@BitcoinMagazine This would imply, for example, no large exposure limits on cryptoasset where there is no counterparty, such as Bitcoin. The Committee proposes, therefore, to introduce a new exposure limit for all Group 2 cryptoassets outside of the large exposure rules.

[Carlos Felipe Barros @cfb4rros]

@BitcoinMagazine Group 2 exposure limit
The large exposure rules of the Basel Framework are not designed to capture large exposures to an asset
type, but to individual counterparties or groups of connected counterparties.