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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

ChaincatcherChaincatcher2025/08/19 16:59
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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.

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