CryptoSlate

Why Russia’s harsh 1% crypto cap actually protects bank customer assets

Why Russia’s harsh 1% crypto cap actually protects bank customer assetsWorldPing

The draft counts banks’ own holdings and crypto-linked instruments against capital but conditionally excludes customer assets.

This is a short WorldPing brief. The full report was published by CryptoSlate.

Read the full report at CryptoSlate

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Almost 4,000 Bitcoin left Liquid's reserve on Sept. 6 through a withdrawal the network approved, even though the private keys used to authorize it hadn't been stolen. Software had accepted a withdrawal that should never have qualified.

Brief by WorldPing · Original reporting by CryptoSlate