Bloomberg: The surge in stablecoins prompts regulators to review new rules for global banks' encryption assets.

On October 31, Bloomberg reported that global regulators are discussing new rules for banks holding encryption assets, which were originally planned to take effect next year. The rapid development of stablecoins has triggered a Rebound led by the United States, prompting regulators to consider a comprehensive revision of existing measures. This standard was proposed by the Basel Committee on Banking Supervision at the end of 2022, and financial executives indicated that banks generally interpret this standard as a signal to avoid encryption assets, as the rules impose heavy capital requirements on holding encryption assets. Sources revealed that major jurisdictions, including the United States, the United Kingdom, and the European Union, have not committed to proceeding with the implementation as originally planned, but are inclined to reassess the relevant standards before a broad global implementation to ensure the feasibility and coordination of regulatory measures.