ChainCatcher news, according to Cointelegraph, the regulatory body of the Bank of England has required companies to disclose any current or future cryptocurrency risk exposures by March next year, in order to monitor stability and assist in policy formulation.The UK's Prudential Regulation Authority stated: "This will provide information for the Prudential Regulation Authority and the Bank of England's work on crypto assets, helping us calibrate our prudent handling of crypto asset risk exposures and analyze the relative costs and benefits of different policy options."

ChainCatcher news, the European Securities and Markets Authority (ESMA), the regulatory body overseeing the EU financial markets, has issued a new opinion highlighting the significant risks posed by global cryptocurrency companies seeking partial authorization under the Markets in Crypto-Assets (MiCA) regulation while conducting substantial business overseas.ESMA's warning focuses on the complex organizational structures of many global cryptocurrency companies, which allegedly use EU-authorized brokers to send orders to execution venues outside the EU, often in offshore jurisdictions.

Chain Catcher News, the U.S. Treasury Department released a report stating that it recommends the government continue to assess cryptocurrency risks, take enforcement actions, and advance the development of a digital dollar, as well as suggesting the creation of a federal framework for non-bank payment providers. Additionally, the Treasury will lead a dedicated task force to coordinate ongoing work related to central bank digital currencies (CBDC). (Source link)