An authentic June 2021 plan from the Basel Committee, which advised banks to challenge $1 in capital for every $1 of crypto they maintain, drew a volley of criticism for being too conservative, successfully ruling out any incentive to get into crypto markets. A later iteration, printed one yr later, gave some floor to crypto followers by recognizing the affect of hedging, but in addition imposed a cap on whole publicity to unbacked crypto belongings like bitcoin.
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Robinhood and Kraken underscore that the crypto-fintech industry is thriving despite weathering market cross-currents. Robinhood has reported total revenue of...
