Basel Committee Urges Cryptocurrency Regulation Overhaul
Update: 2025-11-19
Description
Erik Thedéen, chair of the Basel Committee on Banking Supervision, calls for a significant overhaul of rules governing bank capital for cryptocurrency investments, as both the US and UK have declined to implement existing regulations. The original framework, proposed in 2021, is under reevaluation due to rapid stablecoin growth, with officials deeming current rules not very realistic. This discussion highlights the challenges of regulating the evolving digital asset space.
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