Crypto Banking Rules Face Overhaul as Global Regulators Sound the Alarm on Stablecoins

Global banking regulators are preparing to overhaul rules on how banks handle crypto assets, particularly stablecoins, as pressure mounts from major economies and industry groups to revise stringent capital requirements set to take effect next year. The Basel Committee on Banking Supervision (BCBS), the world’s top banking standard-setter, is in discussions over possible amendments to its 2022 framework, which imposed some of the toughest capital rules ever proposed for crypto holdings. The standards, de ...