The Bank of England regulator requires companies to disclose cryptocurrency risks
According to Cointelegraph, the regulatory department of the Bank of England is requiring companies to disclose any current or future cryptocurrency risk exposure before March next year, in order for it to monitor stability and help formulate policies.
The Prudential Regulation Authority (PRA) in UK stated: This will provide information for the work of the Prudential Regulation Authority and the Bank of England on crypto assets, helping us calibrate prudent handling of crypto asset risk exposure, analyzing relative costs and benefits of different policy options.
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