The UK plans to introduce rules on bank exposure to crypto assets next year

ChainCatcher news, according to CoinDesk, Bank of England's Executive Director for Prudential Policy David Bailey stated that the UK plans to propose new restrictive regulations on banks holding crypto assets before 2026 to mitigate financial stability risks.

The proposal will reference the disclosure framework established by the Basel Committee, which recommends that banks limit their exposure to crypto assets like Bitcoin to no more than 1%.