Banking Level Standards refer to the stringent operational, security, and compliance requirements typically imposed on traditional financial institutions. In the context of digital assets, these benchmarks pertain to robust data protection, secure transaction processing, and rigorous customer asset safeguarding measures. Adherence to these standards aims to foster high levels of trust and reliability.
Context
The increasing institutional adoption of digital assets has brought a demand for crypto service providers to meet banking level standards. This push is driven by regulatory expectations and the need for greater stability and consumer confidence within the nascent industry. Achieving these benchmarks is critical for mainstream acceptance and systemic integration.
The new framework operationalizes systemic risk controls by classifying stablecoin transfers as foreign exchange, mandating full compliance by February 2026.
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