Crypto’s capital burden must be eased to let banks compete, Coinbase exec says
Basel’s punitive capital rules are locking banks out of the crypto economy and must be revisited, a senior Coinbase executive has warned.
Tom Duff Gordon, vice-president for international policy at one of the world’s largest digital asset exchanges, said that the Basel Committee’s 1,250 per cent risk weight for certain crypto exposures is “exorbitant” and has “disincentivised development”.
