The Basel Committee on Banking Supervision is reassessing the crypto regulatory rules that will take effect next year.

According to Mars Finance, the Basel Committee on Banking Supervision is reviewing its cryptocurrency regulatory framework, originally scheduled for implementation next year, with a focus on stablecoin-related regulations. Previous versions of the rules were widely seen as a warning to banks holding crypto assets, as they required high capital commitments for such assets. Sources familiar with the matter revealed that major jurisdictions, including the US, UK, and EU, have not committed to implementation as originally planned, but rather prefer to reassess the standards before widespread global implementation to ensure the feasibility and harmonization of regulatory measures.