The Basel Committee sets new standards that discourage crypto lending

ChainCatcher news, according to New Telegraphng, the globally renowned credit rating agency Fitch stated that the new global standards for the prudent handling of crypto assets by the Basel Committee on Banking Supervision (BCBS) may prevent banks from issuing loans backed by crypto assets, as such loans have already led to widespread risks in the crypto ecosystem.

Fitch revealed that the global crypto standards from the Basel Committee may encourage some multinational banks to explore stablecoins and asset tokenization, and promote more banks to test the issuance and holding of tokenized assets. (Source link)