By Sergio Goschenko 20 July 2024 | 1:30 am
Basel Committee Gives Permissioned Stablecoins ‘Preferential Treatment’ in Amended Crypto Asset Standard Amidst Heavy Criticism
![Basel Committee Gives Permissioned Stablecoins 'Preferential Treatment' in Finalized Crypto Asset Standard Amidst Heavy Criticism](https://static.news.bitcoin.com/wp-content/uploads/2024/07/73a6acaa-0036-4265-90eb-bd4e534a3b60-768x432.jpg)
The Basel Committee, responsible for setting standards for bank regulation, has revised its crypto asset standard, introducing new considerations that impact stablecoins. The updated standard favors permissioned stablecoins, such as JPM Coin, over those issued on public chains. This has elicited criticism from figures in the crypto community, who accuse the committee of attempting to […]