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Basel Committee Proposes Global Banking Regulator Wants Tougher Criteria for Giving Stablecoins Preferential Risk Treatment Over Crypto

Altszn.com by Altszn.com
December 14, 2023
in Blockchain, Crypto, DeFi, Web3
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Basel Committee Proposes Global Banking Regulator Wants Tougher Criteria for Giving Stablecoins Preferential Risk Treatment Over Crypto
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In a consultative document published Thursday, the global banking regulator proposed 11 standards for stablecoins, cryptocurrencies whose value is supposed to be pegged to a specific asset such as the dollar, euro or gold. To qualify for so-called Group 1b consideration, stablecoin reserve assets have to meet a range of criteria including having a short-term maturity, high credit quality and low volatility. The consultation runs until March 28.

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Read More: www.coindesk.com

Tags: bankingBaselcommitteecriteriaCryptoDeFiGivingGlobalPreferentialProposesRegulatorriskStablecoinstougherTreatment
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