UK - PRA letter on how firms should handle exposures to crypto-assets

Regulated firms are increasingly taking on – or planning to take on – exposure to crypto-assets. Recognising this, the UK Prudential Regulatory Authority has written to banks, insurance companies and PRA-regulated investment firms about handling crypto-exposures. Firms should adopt the latest guidance into their crypto strategy, including their governance, prudential and risk management models. Senior Manager responsibility for crypto-assets The PRA’s Dear CEO letter notes that crypto-assets