Basel Committee on Banking Supervision makes minor update to digital asset rules

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The post Basel Committee on Banking Supervision makes minor update to digital asset rules appeared first on CoinGeek.

The ban would have relegated stablecoin issuers that use SFTs from the preferential “Group 1b” regulatory treatment into Group 2, where they would have been “subject to a new highly conservative capital treatment.

It operates under the auspices of the Bank for International Settlements (BIS), an international financial institution that promotes global monetary and financial stability by serving as a bank for central banks and a forum for international cooperation.

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Article Details

Author / Journalist: James Field

Category: Crypto

Markets: Canada

Topics: Public blockchain Regulation Business Stablecoins Basel Committee on Banking Supervision Permissionless blockchain Bank for International Settlements Basel Committee

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-07-19 @ 11:30:25 (11 hours ago)

News Timezone: GMT +8:00

News Source URL: coingeek.com

Language: English

Article Length: 642 words

Reading Time: 4 minutes read

Sentences: 22 lines

Sentence Length: 30 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © CoinGeek

News ID: 21683735

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