Bitcoin world's top crypto currency reached $38k, during the European hours. The Basel committee on banking supervision has requested more tough requirements of capital for holding BTC ownership than bonds and shares. This committee is responsible for making international standards of banking also.
The committee also proposed that except stable Coins that have backup reserves all other crypto currencies have including bitcoin and ether etc, high weight risk of about 1250 percent. The committee also categoried bitcoin as high risk asset as well. Last but not the least, the China also put crackdown on bitcoin and demanded miners to shut their work down.
Link for article: 
](
)
Posted Using LeoFinance Beta
