The Basel Committee on Banking Supervision is reassessing the cryptocurrency regulatory rules that will take effect next year

The Basel Committee on Banking Supervision is re-evaluating the cryptocurrency regulatory framework originally set to be implemented next year, with a focus on stablecoin-related provisions.

The previous version of the rules was widely viewed by the industry as a warning for banks holding crypto assets, as it required a high capital charge for related assets. Sources revealed that major jurisdictions, including the United States, the United Kingdom, and the European Union, have not committed to proceeding with the original plan and are inclined to reassess the relevant standards before a broad global implementation, to ensure the feasibility and coherence of regulatory measures.