The UK government recently released advice on corporate governance and a possible central bank digital currency.

The Prudential Regulatory Authority (PRA), which regulates banks in the UK, plans to propose rules on the issuance and holding of digital assets, Vicky Saporta, director of policy at the Bank of London said on Monday. ‘England. The country is trying to support its approach to crypto, including stablecoins and other digital assets that can pose a risk to financial stability. Once the Financial Services and Markets Act comes into force, the authorities will have the power to regulate the sector. The UK government is currently deliberating over its regulatory framework.

The new standards for businesses regulated by the PRA will be consistent with the law in other areas, according to a footnote that follows the text of the statement. The Basel Committee on Banking Supervision, which oversees the global banking industry, issued a standard in December on how banks should handle crypto exposure.