Odaily Planet Daily News: The Basel Committee has released an update to its compliance rules for crypto assets banks. In the latest consultation, the committee threatened to treat traditional digital securities on public blockchains as having the same risks as cryptocurrencies. This will prevent banks from participating in tokenization initiatives on public blockchains because they are too costly. In addition, the two largest proposed changes regarding stablecoins were deleted in the final changes. The consultation suggested that all stablecoin reserves must be placed in a bankruptcy remote tool. It is worth mentioning that the Basel Committee is also considering prohibiting the use of securities financing transactions such as repurchases and reverse repurchases in stablecoin reserves. (Ledgerinsights)