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Bank of England to probe City’s crypto exposure, CEOs told to watch risks
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The Bank of England is looking into the City’s exposure to crypto and has asked firms to disclose information on their plans in cryptocurrencies — although only on a voluntary basis.
In a 24 March letter, deputy governor Sam Woods gave firms a 3 June deadline by which financial services firms are expected to voluntarily inform the BoE of their current and planned exposures to crypto during 2022.
Noting...
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