Flub Dub
@flubdub
Slowly, then all at once! As from January 2025 European banks will be allowed to hold Crypto-Assets on their balance sheets. That was good news, but it comes at a cost: The risk add-ons on their BS are highly prohibitive for the banks to do so! (1/3) ⬇️
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Flub Dub
@flubdub
The German Banking Association now has some interesting proposal! They argue, that the risk of holding Crypto differs depending on the underlying Blockchain (that obvious). And: They believe that permissionless, public Chains are better suited / more secure! https://tinyurl.com/549cy5tm (2/3)
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Flub Dub
@flubdub
It becomes more interesting: They propose Crypto Assets held in "isolated environments on top of public blockchains" should have the same risk-add-ons like traditional assets. tldr: Private Chains are deader than dead. Banks want to build and use (permissioned) ETH L2s. (3/3)
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