Basel Committee to Review Rules for Bitcoin (BTC) and Cryptocurrencies! Here's What You Need to Know…

A new move regarding cryptocurrencies has come from the Bank for International Settlements (BIS), which is skeptical of Bitcoin (BTC) and ￰0￱ Bank for International Settlements' Basel Committee on Banking Supervision (BCBS) said it plans to review its 2022 guidelines for cryptocurrency holdings by banks, Bloomberg reported. Accordingly, Bloomberg reported that BCBS plans to change bank cryptocurrency exposure rules that come into effect in ￰1￱ was stated that the background to BCBS’s review of crypto rules is the rapid growth of the stablecoin market and recent changes in US ￰2￱ to the current regulations of the BCBS, stablecoins are currently classified as high-risk assets like Bitcoin (BTC) and Ethreum (ETH), but this classification is expected to be eased with the new ￰3￱ this point, the 2022 cryptocurrency guidance will be updated to be more positive next year, as most banks interpreted the previous guidelines published in 2022 as a signal to stay away from cryptocurrencies ￰4￱ may soon take a softer stance on cryptocurrencies, with the BCBS preparing to revise its cryptocurrency guidance. *This is not investment ￰5￱ Reading: Basel Committee to Review Rules for Bitcoin (BTC) and Cryptocurrencies!

Here's What You Need to Know…