Questions tagged [group 1 cryptoassets]

SoulStorm Thu Aug 29 2024 | 7 answers 1276

Excuse me, could you please clarify what the default risk capital requirement is for Group 1 cryptoassets? I understand that there are various risk factors associated with different types of cryptocurrencies, and I'm interested in understanding the specific regulatory requirements for those classified as Group 1. Is this requirement set by a particular regulatory body, and if so, what are the key factors that determine the level of capital required? Thank you in advance for your insights.

GeishaMelody Wed Aug 28 2024 | 7 answers 1783

Could you please explain in detail what the Basel capital requirements entail specifically for Group 1 cryptoassets? I'm particularly interested in understanding the risk weights assigned to these assets and how they differ from other asset classes. Additionally, I'd like to know if there are any specific guidelines or frameworks in place to assess the creditworthiness of these cryptoassets within the context of Basel regulations. It would be helpful if you could also touch upon any potential challenges or implications these requirements may have on the crypto industry as a whole.