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Bitcoin Plan Roils Crypto World Seeking Regulatory Clarity

  • Global regulators consulting on 1,250% risk weight for crypto
  • Only consistency has been volatility, says Baird’s Mayfield
Cryptocurrency Mining As Bitcoin Slides Amid Stocks Rout
Photographer: Akos Stiller/Bloomberg
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International banking regulators’ proposal to classify Bitcoin as the riskiest of assets dragged cryptocurrencies further into the mainstream financial world.

It would also make it extremely costly for banks to hold digital tokens on their balance sheets, potentially delaying crypto’s wider adoption.