ChainCatcher news, according to The Block, Coinbase and Circle are opposing various aspects of the Basel Committee on Banking Supervision proposal, which introduces stricter standards for preferential regulatory treatment regarding banks' exposure to stablecoin risks.It is reported that the proposed requirements determine whether a stablecoin qualifies for the "Group 1b category," which grants preferential regulatory treatment. According to the consultation document, certain standards must be met, including low volatility and sufficient liquidity. The deadline for comments on the document is March 28.Coinbase stated regarding the above requirements: "The committee's choice indicates a desire to strictly limit banks' holdings and thus use of stablecoins." Circle expressed dissatisfaction with the committee's report mentioning that blockchain has "unique risks."

ChainCatcher news, according to CoinDesk, the Basel Committee on Banking Supervision (BCBS) has proposed enhanced regulatory standards for stablecoins.The consultation document released by BCBS outlines 11 standards for stablecoins, which are cryptocurrencies typically pegged to specific assets such as the US dollar, euro, or gold. To meet the so-called Group 1b considerations, the reserve assets of stablecoins must satisfy a series of criteria, including short-term maturity, high credit quality, and low volatility.Currently, stablecoins must be "redeemable at any time" to qualify for this favorable regulatory treatment, ensuring that "only stablecoins issued by regulated entities with strong redemption rights and governance are eligible." Stablecoins that do not meet the Basel Committee's criteria will be classified into Group 2 and subject to "newly heightened conservative capital treatment." The consultation will remain open until March 28.

ChainCatcher message, the Basel Committee on Banking Supervision has released a report on the turmoil in the banking sector in 2023, agreeing to consult on climate and crypto asset disclosures, stating that banks must disclose the cryptocurrencies they hold and should issue potentially restrictive capital for unsecured cryptocurrencies such as Bitcoin or ETH that they hold.At the same time, it stated that an upcoming consultation document will propose "a series of disclosure requirements related to banks' exposure to crypto asset risks" to supplement the existing capital requirements for digital assets finalized in December.