Global Policymakers May Reassess Crypto Asset Standards Amid Stablecoin Growth

According to BlockBeats, the rapid expansion of stablecoins could lead global policymakers to reconsider new banking capital standards for crypto assets, as stated by the Basel Committee on Banking Supervision's chair. Erik Thedéen, who also serves as the Governor of Sweden's central bank, highlighted this during a conference on Wednesday. Thedéen noted that while stablecoins are currently a major focus, they were not the 'core concern' when policymakers established new capital rules for crypto assets in 2022. These regulations, which assign standardized risk weights for banks holding crypto assets, are scheduled to take effect in 2026. Thedéen emphasized the need for further discussion and evaluation of these standards.