Bitcoin Regulatory Controversy Escalates: BPI Criticizes Basel Rules for Treating BTC as "Toxic Asset"
The Bitcoin Policy Institute (BPI) opposes the Basel Committee's high-risk weighting standards for Bitcoin, arguing that this will limit banks' participation in cryptocurrency asset businesses. The BPI is calling on U.S. regulators to reassess Bitcoin's risk classification, pointing out that the current framework treats it as a "toxic asset," significantly increasing the cost for banks to hold Bitcoin. This issue may affect traditional financial institutions' positioning in the digital asset space.