The Basel Committee on Banking Supervision said a regulatory framework on crypto-assets for banking institutions will be created this year.
Last year, the committee proposed rules that required lenders to hold $1 of capital for every dollar in cryptocurrency.
However, banks such as JPMorgan Chase and Deutsche Bank opposed such a rule. They found such a standard too complex.
“Recent events have further underscored the importance of having a global minimum prudential framework to mitigate the risks associated with cryptoassets,” the committee said in a statement.
The remark implied the collapse of TerraUSD (UST).
“The committee plans to issue another consultation document within the next month with the goal of completing prudential treatment sometime later this year,” the statement said.
Since 2008, the committee has steadily tightened capital requirements for banks to avoid a repeat of the financial crisis.