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Global Banking Regulator Wants Tougher Criteria for Giving Stablecoins Preferential Risk Treatment

The Basel Committee for Banking Supervision wants to tighten requirements that allow stablecoins to qualify as less risky than unbacked cryptocurrencies like bitcoin.

The Basel Committee is headquartered at the Bank for International Settlements (BIS)
The Basel Committee is headquartered at the Bank for International Settlements (BIS)