Bank of England to Ramp Up Talks on Crypto Rules as Data Is Hard to Find: Report

Bank of England to Ramp Up Talks on Crypto Rules as Data Is Hard to Find: Report
The Bank of England is facing challenges in finding the information it needs on institutional exposure to crypto, and plans to ramp up the pace of international talks on establishing a regulatory regime for the assets, the Sunday Times reported.The growing number of banks offering crypto trading and custody for clients requires global rules to protect the financial system, according to Sarah Breeden, the BOE’s executive director for financial stability strategy and risk, the newspaper said.Gathering the requisite data is not something the U.K. can achieve alone, she said. It will need cooperation through the Financial Stability Board, a G-20…