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The Basel Committee is assessing banks' exposure to cryptoassets, considering eligibility criteria for 'Group 1' stablecoins and permissionless blockchains. Any revisions to standards, aimed at governing these novel financial instruments, will be open for public consultation.

A European Parliament study contests EU's new crypto laws, MiCA, suggesting stricter, traditional finance regulation. This ignites debates on MiCA's impact, as classifying crypto as traditional could disrupt unified trading. Advocates argue for traditional rules as a safety measure.

UK lawmakers advocate for a dedicated official to supervise the creation of crypto regulations. The Crypto APPG asserts that immediate regulation is required, suggesting 53 recommendations. PM Rishi Sunak's administration considers integrating crypto into existing financial structures.

The European Banking Authority (EBA) plans to introduce new guidelines, targeting money laundering and terrorist financing in crypto asset transactions. Aimed at standardizing the AML/CFT requirements for Crypto Asset Services Providers, the move ensures a safer financial environment.

The French AMF has launched a new regulatory framework for digital asset service providers under the European MiCA regulation. Effective from May 2023, this includes an "enhanced registration" process mandatory from Jan 2024.