“These revisions aim to further promote a consistent understanding of the standard, particularly regarding the criteria for stablecoins to receive a preferential ‘Group 1b’ regulatory treatment,” the committee said in the release. The updated version will be published later this month and must also be implemented by the start of 2026.
Related posts
-
Crypto heists near $1.4b in first half of 2024: TRM Labs
Cybercrime in the crypto sector has soared in the first half of 2024, with hackers stealing... -
Mt. Gox Bitcoin Payout Fears Wipes Out $170 Billion From Crypto Market
The cryptocurrency market experienced a substantial downturn on Friday, compounding the selling pressure witnessed over the... -
7 Events That Could Shift the Crypto Market Landscape in an Instant
The cryptocurrency market finds itself in a challenging situation,...