The surge in stablecoins prompts a review of global banking crypto asset regulations

ChainCatcher news, according to Bloomberg, global regulators are discussing new rules for banks holding crypto assets, which were originally scheduled to take effect next year.

Due to the rapid development of stablecoins, there has been a backlash led by the United States, prompting regulators to consider a comprehensive revision of the original measures. The standard was proposed by the Basel Committee on Banking Supervision at the end of 2022. Financial executives have stated that banks generally interpret this standard as a signal to avoid crypto assets, as the rules impose heavy capital requirements on holding such assets. According to sources, major jurisdictions including the United States, the United Kingdom, and the European Union have not yet committed to implementing the rules as originally planned, and instead prefer to reassess the relevant standards before broad global implementation to ensure the feasibility and coordination of regulatory measures.