Basel Committee Proposes Stricter Criteria for Stablecoins

The Basel Committee for Banking Supervision (BCBS), a global banking regulator, is pushing for more stringent requirements for stablecoins, aiming to categorize them as less risky compared to unbacked cryptocurrencies like Bitcoin. The move marks a significant step in the evolving landscape of digital currency regulation. The committee’s recent proposals focus on ensuring that the […] source: https://www.cryptopolitan.com/basel-proposes-stricter-criteria-stablecoins/