The Basel Committee's 2022 framework categorized public-chain stablecoins alongside Bitcoin and Ethereum in terms of risk. This classification placed these digital assets in a high-risk category, potentially deterring banks from engaging with them. However, a potential shift towards a more lenient stance could encourage banks to re-enter the cryptocurrency market, fostering greater institutional involvement in digital assets.
Basel Framework May Ease Crypto Risk Stance for Banks
Disclaimer: The content provided on Phemex News is for informational purposes only. We do not guarantee the quality, accuracy, or completeness of the information sourced from third-party articles. The content on this page does not constitute financial or investment advice. We strongly encourage you to conduct you own research and consult with a qualified financial advisor before making any investment decisions.
