Global regulators are in talks about overhauling rules on banks’ crypto holdings due to come into force next year after the rapid development of stablecoins sparked a US-led pushback against the original measures.
Conceived by the Basel Committee on Banking Supervision in late 2022, senior finance executives say the standards were largely interpreted by banks as a signal to avoid crypto since they imposed a heavy capital burden on such holdings.
Since then, crypto has evolved from an area described as the
That’s prompted ...