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Global banks held $367 billion in crypto assets under custody in Q2 last year, data from the Basel Committee on Banking Supervision showed.

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The Basel Committee's framework, based on responses to a December 2022 discussion paper, must be implemented by 2026.

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The Basel Committee for Banking Supervision wants to tighten requirements that allow stablecoins to qualify as less risky than unbacked cryptocurrencies like bitcoin.

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Regulators have been looking to increase supervision of crypto and mitigate risks posed by banks' exposure to crypto.