The Basel Committee for Banking Supervision wants to tighten requirements that allow stablecoins to qualify as less risky than unbacked cryptocurrencies like bitcoin.
Basel Committee Seeks to Consult on Stablecoins Risk Treatment
Regulators have been looking to regulate crypto and mitigate against the risks posed by banks exposure to crypto.
Canadian Regulator Seeks Feedback on Disclosure Rules for Bank Crypto Exposures
The country hopes to align local requirements with those proposed by international banking regulators.
Banks Must Disclose Crypto Exposures, Global Regulator Says
The guidance will ensure transparency and market discipline, the Basel Committee on Banking Supervision said
Banks Would Have to Disclose Crypto Holdings Under New BIS Plan
The Basel Committee on Banking Supervision previously recommended swingeing capital constraints on holdings of unbacked cryptocurrency
EU Seals Deal on Crypto Bank-Capital Rules
Lawmakers have previously favored ‘prohibitive’ capital requirements to keep unbacked crypto assets out of the banking system
EU Governments Friendly to Tough Crypto Bank-Capital Restrictions, Negotiator Says
A deal on new banking laws may be imminent, and will likely treat lenders’ crypto holdings as highly risky.
Basel Committee: Banks worldwide reportedly own €9.4 billion in crypto assets
The study found that banks mostly held volatile cryptocurrencies and had little exposure to stablecoins.
Bitcoin Peeps Above $38K on Basel News
The top cryptocurrency hit a high of $38,461 during the European hours, extending Wednesday’s double-digit rally.
Cryptocurrencies Pose Risks to Banks, Warns Basel Committee
The Basel Committee on Banking Supervision has warned that the growth of cryptocurrencies poses a number of risks to banks.
DTCC: Security Tokens Should Be Made to Meet Existing Regulatory Rules
The DTCC has laid out guidelines for the post-trade processing of tokenized securities, aimed at market participants and regulators.