Bitget App
Trade smarter
Open
HomepageSign up
Bitget>
News>
Bloomberg: Financial Industry Calls for Comprehensive Reform of Global Cryptocurrency Regulatory Rules for Banks

Bloomberg: Financial Industry Calls for Comprehensive Reform of Global Cryptocurrency Regulatory Rules for Banks

Chaincatcher2025/08/19 16:59

According to ChainCatcher, Bloomberg reports that major global financial lobbying groups are urging regulators to halt the implementation of new rules on banks' cryptocurrency operations and to reassess measures they consider overly stringent.

In a joint letter to the Basel Committee on Banking Supervision, these industry associations stated that policymakers should "seek the latest information" to understand use cases for the distributed ledger technology underlying digital assets, and consider an "appropriate redesign and recalibration" of the relevant standards before their formal adoption in 2026.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
PoolX: Earn new token airdrops
Lock your assets and earn 10%+ APR
Lock now!

You may also like

Trending news

More
1
Merlin Chain: BTCFi revenue continues to grow steadily, 50% of the earnings will be continuously used for MERL buybacks
2
Philippines plans to launch a blockchain-based budgeting system, legal experts warn of risks

Crypto prices

More
Bitcoin
Bitcoin
BTC
$110,381.26
-0.56%
Ethereum
Ethereum
ETH
$4,001.93
-0.12%
Tether USDt
Tether USDt
USDT
$1
-0.03%
BNB
BNB
BNB
$1,171.97
+0.06%
XRP
XRP
XRP
$2.41
-1.87%
Solana
Solana
SOL
$192.91
-2.87%
USDC
USDC
USDC
$1
+0.02%
TRON
TRON
TRX
$0.3220
+2.41%
Dogecoin
Dogecoin
DOGE
$0.1951
-2.23%
Cardano
Cardano
ADA
$0.6682
-1.53%
How to sell PI
Bitget lists PI – Buy or sell PI quickly on Bitget!
Trade now
Become a trader now?A welcome pack worth 6200 USDT for new users!
Sign up now
Trade smarter