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UK to Introduce Rules Limiting Banks' Exposure to Cryptocurrency Assets Before Next Year
Summary: According to CoinDesk, David Bailey, Executive Director of Prudential Policy at the Bank of England, has stated that the UK plans to propose new restrictive rules on banks holding cryptocurrency assets by 2026 to prevent financial stability risks. The scheme will reference the disclosure framework developed by the Basel Committee, which suggests that banks should ...
According to CoinDesk, David Bailey, Executive Director of Prudential Policy at the Bank of England, has stated that the UK plans to propose new restrictive rules on banks holding cryptocurrency assets by 2026 to prevent financial stability risks. The scheme will reference the disclosure framework developed by the Basel Committee, which suggests that banks should limit their exposure to cryptocurrencies such as Bitcoin to within 1%.
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Link: UK to Introduce Rules Limiting Banks' Exposure to Cryptocurrency Assets Before Next Year [Copy]
