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Tougher crypto regulation in sight as banking regulator calls for new capital rules

Plans in train for banks to hold reserves to ensure stability as they up crypto exposure

The price of Bitcoin fluctuated very slightly following the announcement
The price of Bitcoin fluctuated very slightly following the announcement Photo: Getty Images

Cryptoasset holders could soon face tougher capital rules after a top banking regulator raised financial stability concerns around the digital currencies.

The Basel Committee on Banking Supervision has launched a consultation on the prudential treatment of financial institutions' cryptoasset exposures as interest from institutional investors booms and regulatory scrutiny on digital currencies around the world intensifies.

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