Singapore Banks’ Exposure to Bitcoin ( $64,274.00 ) ‘Insignificant’ but Subject to Highest Risk Weight

“Pending the finalisation of the framework, MAS requires Singapore-incorporated banks to apply a 1250% risk weight for exposures to riskier cryptoassets such as Bitcoin ( $64,274.00 ) and Ether,” he said. “… Based on MAS’ minimum total capital adequacy requirement of 10% for systemically important banks incorporated in Singapore, this means that Singapore-incorporated banks are required to hold $125 of capital against an exposure of $100 to a cryptoasset like Bitcoin ( $64,274.00 ) .”