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The regulator, which is in charge of maintaining a registry of crypto firms approved for operations under the country's anti-money laundering requirements, will also consult on prudential rules for companies engaged in crypto activities once the "Treasury and Parliament bring those activities under our regulation," the regulator said in its
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Around 20% of banks have exposure to crypto assets, a Bank for International Settlements (BIS) report released Feb. 28 found. The majority of those banks are in the Western Hemisphere. According to the report, which is based on data from the first half of 2022, 17 Group 1 banks reported approximately
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New standards for PRA-regulated firms will be coherent with rules for other sectors, according to a footnote accompanying the text of the speech. The Basel Committee on Banking Supervision, the banking industry's global regulator, published a standard on how banks should treat crypto exposure in December. Source
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On Oct. 27, 2022, CryptoX published an article titled "Embattled Crypto Platform Freeway's 'Billion-Dollar Man' Isn't the Insurance Titan He Claims to Be." Following information received after publication in relation to Krueger's roles at Aon and Prudential, CryptoX would like to clarify that he was entitled to represent himself as
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