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Basel Committee Gives Permissioned Stablecoins ‘Preferential Treatment’ in Amended Crypto Asset Standard Amidst Heavy Criticism

by SB Crypto Guru News
July 19, 2024
in Bitcoin
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Basel Committee Gives Permissioned Stablecoins 'Preferential Treatment' in Finalized Crypto Asset Standard Amidst Heavy CriticismThe Basel Committee, responsible for setting standards for bank regulation, has revised its crypto asset standard, introducing new considerations that impact stablecoins. The updated standard favors permissioned stablecoins, such as JPM Coin, over those issued on public chains. This has elicited criticism from figures in the crypto community, who accuse the committee of attempting to […]



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Tags: AmendedAssetBaselBitcoin NewscommitteecriticismCryptoCrypto NewsCrypto UpdatesHeavyLatest News on CryptoPermissionedPreferentialSB Crypto Guru NewsStablecoinsStandardtreatment
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