New BIS Regulations Place Stricter Controls on Stablecoins: Impact on USDT and USDC

The Bank for International Settlements (BIS) has introduced pivotal regulations that could drastically alter the landscape of the cryptocurrency market. These new mandates from the Basel Committee on Banking Supervision enforce stringent risk management strategies and comprehensive disclosure requirements for banks dealing with cryptocurrencies. Significantly, the regulations aim to improve transparency and stability in the

Source: CoinOtag