United Kingdom: Opened consultation on Prudential Regulation Authority inquiry into firms' exposure to cryptoassets

On 12 December 2024, the Prudential Regulation Authority (PRA) published a data request, which closes on 25 March 2025, to gather information on firms' current expected future crypto-asset exposures and their application of the Basel framework for the prudential treatment of crypto-assets. In particular, the PRA and Bank of England aim to develop their prudential regulation of crypto asset exposures, analyse policy options and monitor the stability of crypto asset-related business activities.