Banks' Capital Rules When Holding Crypto Need to Be Reworked, Says Basel Chair: FT
NegativeCryptocurrency
- Erik Thedéen, chair of the Basel Committee, emphasized the need to rework capital rules for banks dealing with cryptocurrencies due to non
- This development is significant as it reflects the challenges regulators face in creating a unified framework for crypto assets amidst varying national policies.
- The ongoing divergence in regulatory approaches among major economies, particularly regarding stablecoins, underscores the urgency for Basel to adapt its stringent capital requirements to better align with current market dynamics.
— via World Pulse Now AI Editorial System
