Invezz.com – Businesses in the United Kingdom (TADAWUL:) holding or other cryptocurrencies on their balance sheets will be required to disclose their exposure according to a new mandate.On December 13, the Prudential (LON:) Regulation Authority (PRA), the regulatory arm of the Bank of England, issued a statement urging businesses operating under its jurisdiction to disclose their existing and future “crypto asset exposure.”
Additionally, businesses must also detail how they are adopting and implementing the “Basel framework for the prudential treatment of crypto assets.”The Basel framework is a set of international standards developed by the Basel Committee on Banking Supervision,…
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