Global bank regulator tightens rules for inclusion in top stablecoin ranking

The Basel Committee proposed adjustments to banks’ exposure to crypto assets.

The standards were first published in December of last year. A comments period on the changes is open until March 2024.

“The requirements determine whether the stablecoins to which banks may be exposed will be eligible for inclusion in the Group 1b category of crypto assets, and thus benefit from a preferential regulatory treatment,” Basel wrote. 

The Basel Committee oversees global banking regulations and its membership includes a number of officials from central banks from all over the world.

Read more: Like crypto or not, central banks need to prepare, BIS innovate head says

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