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Bloomberg: Financial Industry Calls for Comprehensive Reform of Global Cryptocurrency Regulations for Banks
Summary: According to Bloomberg, major global financial lobbying groups are urging regulators to pause the upcoming implementation of new regulations for bank cryptocurrency operations and to re-examine what they see as overly stringent measures. In a joint letter to the Basel Banking Supervision Committee, these industry associations stated that policymakers should seek the latest information to ...
According to Bloomberg, major global financial lobbying groups are urging regulators to pause the upcoming implementation of new regulations for bank cryptocurrency operations and to re-examine what they see as overly stringent measures. In a joint letter to the Basel Banking Supervision Committee, these industry associations stated that policymakers should seek the latest information to understand use cases supporting distributed ledger technology for digital assets and consider appropriate redesign and recalibration of relevant standards before formal adoption in 2026.
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Link: Bloomberg: Financial Industry Calls for Comprehensive Reform of Global Cryptocurrency Regulations for Banks [Copy]
