One of England’s Oldest Central Banks Gives Firms Till March 2025 To Disclose Crypto Exposure
One of the oldest central banks in England is giving companies until March 2025 to disclose their exposure to digital assets.
In a new announcement, The Bank of England says that the Prudential Regulation Authority (PRA) – the UK’s financial regulator – is looking to gather data on firms’ current and future exposure to crypto assets.
“This [data] will inform work across the PRA and the Bank of England on crypto assets by helping us calibrate our prudential treatment of crypto asset exposures, analyze the relative costs and benefits of different policy options and providing an updated view of firms’ current and intended crypto asset-related business activities as a base from which to monitor the financial stability…
