46 - Why Most Banks Will Not Hold Crypto Assets Any Time Soon

<p><span style="font-weight: 400;">The pan-governmental regulatory body, The Basel Committee, recently released a draft document which contains a proposal that is sure to change the cryptocurrency landscape. In this episode, I explain what the proposed regulation means for banks who are holding cryptocurrencies, and the opportunities that this brings about for Fintech companies who are not held to the same excessive restrictions.</span></p> <p><span style="font-weight: 400;">If you found value in this episode, I would really appreciate it if you could leave a review! My mission is to help and support as many FinTech startups as possible, and when you leave a positive review, more people can find this podcast and help their companies!</span> <span style= "font-weight: 400;">If you are on Apple, just </span><a href= "https://podcasts.apple.com/ch/podcast/compliance-that-makes-sense/id1535160531"><strong>click here to review</strong></a><span style="font-weight: 400;">, select “Ratings and Reviews” and “Write a Review” and tell me what your favorite part of the podcast is. </span></p> <p> </p> <p><strong>Today's episode:</strong></p> <p><span style="font-weight: 400;">[01:02] The draft issued by The Basel Committee regarding banks and cryptocurrencies.</span></p> <p><span style="font-weight: 400;">[02:27] An explanation of capital adequacy requirements that banks are subjected to.</span></p> <p><span style="font-weight: 400;">[03:11] How banks calculate the amount of reserves of particular assets they need to hold. </span></p> <p><span style="font-weight: 400;">[04:02] What The Basel Committee’s proposed high-risk categorization of cryptocurrencies means for banks holding cryptocurrencies. </span></p> <p><span style="font-weight: 400;">[05:46] Experts’ opinions on what the proposal means for the future of banks holding cryptocurrencies.</span></p> <p><span style="font-weight: 400;">[06:42] Interest that banking customers are showing in cryptocurrencies.</span></p> <p><span style="font-weight: 400;">[07:10] Partnersh