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Basel crypto capital plan threatens banks’ DLT projects

Proposed infrastructure add-on could make blockchain settlement and payment systems non-viable

Blockchain add-on
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A proposed bank capital add-on for using blockchain infrastructure – even to process conventional assets – could have a “chilling effect” on distributed ledger technology (DLT) projects in the banking sector, industry participants are warning.

“The Basel Committee technology group says we are moving into uncharted territory and this is risky. That is just the wrong mindset,” says Daniel Heller

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