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Bank of England Watchdog Requests Crypto Asset Disclosures

Bank of England watchdog requests firms to disclose crypto disclosures to shape future regulations and ensure financial system stability. The Prudential Regulation Authority (PRA), part of the Bank of England, has taken a significant step to monitor the stability of the financial system concerning cryptocurrencies. On 12 December, the PRA put out a formal notice to organizations asking about their current and planned interactions with cryptoassets up until March 2024. This action is within a...

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