🌐 The Basel Committee, representing central banks and regulators from major developed countries, is set to discuss revisions to stablecoin regulations, aiming to include stablecoins in Group 1 under Basel's risk-weighted capital requirements. Continuous monitoring of banks' cryptocurrency custody activities and potential additional measures will also be on the agenda. 🏦💱 #BaselCommittee #StablecoinRegulations

🏦 Bank of England stresses the need for clear regulations on self-custodial wallets in stablecoin commercialization. 💼 Concerns about money laundering and terrorism financing. 👛 Equal consumer protection for wallet providers sought. 🇬🇧 UK regulatory framework for stablecoins under development. 📜 #StablecoinRegulations #BankOfEngland 👥