The Bank of England's regulatory body requires companies to disclose their exposure to cryptocurrency risks
On December 13, the Prudential Regulation Authority (PRA) of the Bank of England requested companies to disclose their current or future cryptocurrency risk exposure before March next year, in order for it to monitor stability and help formulate policies. The PRA stated: "This will assist us by adjusting our prudent handling of crypto asset risk exposure, [and] analyzing the relative costs and benefits of different policy options, providing information for the work of PRA and the Bank of England in terms of crypto assets."
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