BoE to Propose Rules on Banks Crypto Exposure in 2026
The Bank of England plans to introduce new proposals on banks’ exposure to crypto by 2026 to protect financial stability, a key official said Wednesday.
The U.K. is looking to formulate rules that are more on the restrictive side, said David Bailey, the executive director of prudential policy at the Bank of England, in a speech at Risk Live Europe in London.
Bailey suggested the country is likely to encourage banks to have a low exposure to crypto.
“There are also examples where it might be more appropriate to start more towards the restrictive end of the spectrum, while evidence is gathered to see if standards can be relaxed over time,” Bailey said. “The prudential treatment of banks’ exposures to cryptoassets, and specifically those…
