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It's coming! Basil III .. oh wait who cares!?

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@bearbear613
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https://www.investopedia.com/terms/b/basell-iii.asp

  • Basel III is an international regulatory accord that introduced a set of reforms designed to improve the regulation, supervision, and risk management within the banking sector.

  • Basel III is an iterative step in the ongoing effort to enhance the banking regulatory framework.

  • A consortium of central banks from 28 countries published Basil III in 2009, largely in response to the credit crisis resulting from the 2008 economic recession.

Summed up Gold is to be used as collateral but only the physical. Institutions using paper only don't like. So this is unlikely to pass. In fact anything that show's accountability is not liked. Best guess? Central bank digital currencies, continuous deflationary pressure, continuous money printing until it breaks. Central banks know it will break. Crypto is not liked and neither is gold; unless it's being accumulated slowly.

Will Central banks buy decentralized cryptocurrency? Anything can be printed and bought with just look at accusations towards tether. At the end of the day you want something with zero counter party risk. Identify them, and you identify the best assets to hold.

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