TechFlow news, June 19 — According to CoinDesk, David Bailey, Executive Director of Prudential Policy at the Bank of England, said that the UK plans to introduce stricter regulatory rules on banks' crypto asset exposures by 2026 to safeguard financial stability. The proposal will adopt recommendations from the Basel Committee and may limit exposures to highly volatile assets such as bitcoin to less than 1%. Speaking in London, Bailey stated that a more conservative approach to banks' crypto risks is appropriate at this stage.
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