The post Canadian Regulators Unveil Capital Plans for Banks and Insurers Holding Crypto Assets. appeared first on Coinpedia Fintech News
Canadian regulators are seeking consultation on capital plans that would affect banks and insurers holding cryptocurrency assets. The Office of the Superintendent of Financial Institutions has proposed guidelines based on recommendations made by the Basel Committee on Banking Supervision in December 2019. As part of the consultation, Canadian deposit-taking institutions and insurers may choose between a more comprehensive plan that distinguishes risks based on the type of cryptocurrency, or a simpler plan that is less specific. The consultation period will run until September 20.
