Is this a knockout blow for Olympic boxing?

The International Olympic Committee has frozen planning for the boxing tournament at Tokyo 2020 and started a process that could see it completely cut ties with the International Boxing Association (AIBA).
Boxing’s governing body has been on the ropes for several years as it has struggled to answer questions about its finances, governance and refereeing standards but its relationship with the IOC reached crisis point when it elected Gafur Rakhimov as president earlier this month.