The Basel Committee’s rules on banks’ cryptocurrency holdings reportedly may be overhauled because of the rapid adoption of stablecoins.
The rules are set come into force next year, but the United States, the United Kingdom and the European Union have not committed to implementing them, and some are calling for the rules to be overhauled, Bloomberg reported Friday (Oct. 31).
Since the time the rules were developed in 2022, there has been a turnaround in the perception of crypto in the U.S., with the new administration embracing the technology, according to the report.
This has prompted debates at the Basel Committee on Banking Supervision over its upcoming rules, with the U.S. leading a drive to amend them, the report said.
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Nov 01 2025
