TechFlow news, October 31 — According to Bloomberg, the Basel Committee on Banking Supervision is re-evaluating its new cryptocurrency regulations, particularly those concerning stablecoins, which were previously updated in 2024 and expected to take effect next year. The original rules were widely interpreted by banks as a warning against holding cryptocurrencies, as they imposed significant capital requirements on such assets. Sources familiar with the matter said major global jurisdictions including the United States, the United Kingdom, and the European Union have not yet committed to implementing these rules on schedule, instead favoring a review before broad adoption of the standards.
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