Canada has proposed that banks should not have an exposure of more than 1% to unbacked digital assets.new guidelines regarding crypto exposure in the banking and insurance sector.
The proposal said that digital assets should be classified into two broad groups: tokenized traditional assets and stablecoins, and unbacked crypto assets. Moreover, banks should have an exposure limit of no more than 1% for unbacked crypto assets.“Banks should separately assess the tokenized traditional asset against these expectations, and not assume qualification for a given treatment simply because the traditional asset qualifies.
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