Global Regulators Reassess Basel Rules on Banks Holding Crypto Assets as Stablecoins Spark U.S.-Led Backlash

COINOTAG News, October 31 — Bloomberg reports that global regulators are actively weighing new rules for banks that hold cryptocurrency assets, with proposals that were due to take effect next year as the crypto market structure evolves. The rapid rise of stablecoins has sparked a U.S.-led pushback, prompting a comprehensive review of existing regulatory measures.

The Basel Committee on Banking Supervision had drafted a standard that would require meaningful capital requirements for crypto holdings; financial executives say banks largely interpreted it as a sign to limit exposure to cryptocurrency assets.

Insiders say major jurisdictions including the U.S., the U.K., and the EU have not committed to immediate implementation; policymakers appear to prefer reassessing global standards to ensure feasibility and coordinated adoption.