David Bailey, executive director of prudential policy at the Bank of England, said that the UK plans to introduce new restrictions on banks' holdings of crypto assets by 2026 to guard against financial stability risks.
The plan will be based on the disclosure framework developed by the Basel Committee, which recommended that banks' exposure to cryptoassets such as bitcoin should be limited to 1%.
The UK plans to introduce rules to limit banks' exposure to cryptoassets by next year
2025-06-18 21:30:08
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