The Basel Committee on Banking Supervision (BCBS) within the Bank for International Settlements (BIS) has proposed changes to the risk criteria for stablecoins.
In a statement published on Thursday, December 14, BCBS stated that it wanted to review the criteria required for the classification of stablecoins. Under current conditions, stablecoins Cryptocurrencies with dollar-based support such as Bitcoin (BTC) like “unsupported” It is seen as less risky than cryptocurrencies.
But the regulatory body said that “less riskyHe emphasized that the “label” could pose a danger to investors and banks. Requesting the revision of less risky criteria applied to stablecoins BCBSincluded in the committee 63 central banks will take your opinion.
The institution has so far taken a tough stance on cryptocurrencies and has given banks a hard time keeping their balance sheets. Obligation to disclose the amount of cryptocurrency He invented a set of rules, such as bringing
The regulatory body will not allow stablecoins found to have effective stabilization support.from 1b editor applications He argued that he could gain the right to benefit, but until this happens, stablecoins should “still look risky”. According to the statement, in order for stablecoins to qualify for this preferential regulatory treatment, “can always be redeemed” should be.
Founded in Basel, Switzerland, BCBS is a global gross domestic product (GDP) of approximately 95% It is an international financial institution that includes 63 central banks representing countries from around the world. Turkey’s also G20 As a member, it has a commitment to compliance with the Basel Committee on Banking Supervision.