Crypto Ethone

  BIS Now Allows Banks to Hold 2% of Reserves in Crypto A new policy by the Bank for International Settlements (BIS) will permit banks to hold 2% of their reserves in cryptocurrencies. The BIS recently issued its  Prudential Treatment of Cryptoasset Exposure report  for December 2022 in which it introduced a policy that now allows banks to hold 2% of their reserves in cryptocurrencies. The policy, the second consultation of one published earlier in the year, covers several aspects of how crypto assets are to be defined, processed, and is set to take effect on January 1, 2025. In the first iteration of this report, published in June, the BIS announced that banks would be limited to holding no more than 1% of their reserves in cryptocurrencies. The policy groups crypto assets into two cohorts. Group 1 is defined as tokenized traditional assets and crypto assets that have an “effective stabilization mechanism.” Group 2 are referred to as digital assets that “fail to meet any...

They want us to believe there was an  Anatoly Legkodymov  till now on crypto space... Accused of dealing with dirty money as part of "high-tech axis of crypto crime" Washington  – The founder and senior executive of cryptocurrency exchange Bitzlato was arrested on Tuesday in Miami and charged with directing the company to knowingly transmit funds derived from cybercrimes and other illicit activity, Justice Department officials announced Wednesday. Anatoly Legkodymov, a Russian national living  in China, is accused of using Bitzlato to create a safe financial haven for criminals, requiring little identifying information for its customers and allowing transactions to go virtually untraced and shielded from investigators. According to prosecutors, the company even allowed users to submit fake registrant information to avoid detection. Investigators said that anonymity attracted drug and cyber criminals looking to exchange their illicit money to Legkodymov and his compan...