Global Effort Underway for Bank Crypto Regulations

Industry leaders, including Federal Reserve Governor Michelle Bowman, are working to revamp global cryptocurrency regulations for banks. This effort centers around the Basel III framework, aiming to establish new international standards for managing digital assets held by financial institutions. cussions are underway on how these standards might differ from approaches taken in the US. These reforms aim to align international regulatory frameworks and influence bank capital requirements, impacting major cryptocurrencies like Bitcoin and Ethereum.