Bank of England regulators require firms to disclose cryptocurrency risks

TechFlow news, December 13 — According to Cointelegraph, the regulatory arm of the Bank of England has required firms to disclose any current or future exposure to cryptocurrencies by March next year, enabling it to monitor stability and assist in policy-making.

The Prudential Regulation Authority (PRA) said: "This will inform the PRA's and Bank of England's work on crypto assets, helping us calibrate the prudential treatment of exposures to crypto assets and analyze the relative costs and benefits of different policy options."