Stablecoin Growth Sparks Debate About Bank Crypto Rules
Hey Digital Banking Fanatic!
The surge in stablecoin activity is prompting a major rethink of how banks hold and manage crypto assets.
Conceived by the Basel Committee on Banking Supervision in late 2022, senior finance executives say the standards were largely interpreted by banks as a signal to avoid crypto, due to the heavy capital burden.
But with stablecoins growing rapidly and becoming central to payments globally, oversight bodies are now reviewing those rules to better align with this shift.
Erik Thedéen, chair of the Basel Committee on Banking Supervision, said regulators need to discuss and evaluate the policies now.
The focus is on recalibrating capital requirements and risk‑weighting so banks can engage safely in digital markets without excessive regulatory burden.
This opens the door for more banks to back and use stablecoins. Full story below 👇
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