[Cryptocurrency Finance Executives Call for Reform of the 1250% Risk Weight in Basel III] According to Golden Finance, cryptocurrency finance executives are urging the international banking regulatory body, the Basel Committee on Banking Supervision (BCBS), to revise the 1250% risk weight assigned to Bitcoin and other cryptocurrencies under the Basel III framework. Private equity is the second-highest risk-weighted sector, with a weight of 400% under the current Basel III banking system. Chris Perkins, President of investment firm CoinFund, stated that the capital rules under Basel III discourage banks from holding Bitcoin and cryptocurrencies due to the relatively high collateral costs of holding digital assets. This reduces banks' return on equity, which is a key metric for measuring their profitability.