Global Regulators Delay Crypto Rules for Banks Amid Stablecoin Concerns

Regulatory bodies are delaying the implementation of crypto rules for banks, in part due to the rapid growth of stablecoins. The Basel Committee’s initial 2025 timeline is being reevaluated as regulators grapple with potential capital requirements tied to these digital assets. This change affects bank involvement in cryptocurrencies and underscores the need for coordinated regulatory efforts across jurisdictions.