$BTC ๐$WBTC ๐$G ๐
๐The United Kingdom proposes new regulations for crypto assets for banks by 2026๐
๐According to O Daily, David Bailey, the executive director of transitional policy at the Bank of England, announced that the United Kingdom intends to introduce
๐ new restrictive regulations on banks holding crypto assets by 2026. This move aims to mitigate financial stability risks. The proposed regulations will rely on the disclosure framework developed by
๐ the Basel Committee, which recommends that banks limit their exposure to cryptocurrencies like Bitcoin to less than 1%.๐
