According to Odaily, the Basel Committee on Banking Supervision is reviewing its cryptocurrency regulatory framework, originally scheduled for implementation next year, with a focus on stablecoin-related regulations. Previous versions of the rules were widely seen by the industry as a warning to banks holding crypto assets, as they required higher capital commitments for such assets.

Sources familiar with the matter revealed that major jurisdictions, including the United States, the United Kingdom, and the European Union, have not committed to proceeding with the original plan, but rather prefer to reassess the relevant standards before widespread global implementation to ensure the feasibility and coordination of regulatory measures. (Bloomberg)