In most cases, banks would have to deduct any digital asset holdings from their capital, as well as plan for specific extra risks like fraud or cyber attacks, he said. This means that, unlike conventional financial assets like mortgages, a banks’ store of crypto cannot be used to vouch for further lending, Woods added. www.coindesk.com
In most cases, banks would have to deduct any digital asset holdings from their capital, as well as plan for specific extra risks like fraud or cyber attacks, he said. This means that, unlike conventional financial assets like mortgages, a banks’ store of crypto cannot be used to vouch for further lending, Woods added.
www.coindesk.com