The Globe and Mail reports in its Friday edition that the Office of the Superintendent of Financial Institutions has introduced new rules for banks to manage their cryptocurrency exposure amid rising interest in crypto assets. The Globe's Stefanie Marotta writes that the OSFI released final guidelines on crypto assets in its quarterly report, highlighting a consultation on capital adequacy requirements. The review focuses on how banks manage risks related to cryptocurrencies like Bitcoin, considering both direct holdings and customer exposures. OSFI notes that while the current risk is relatively low, activity in the sector is increasing quickly, according to the OSFI's Angie Radiskovic. The percentage of Canadians who own Bitcoin jumped to 13 per cent in 2021 from 5 per cent in 2018, largely among men, says a Bank of Canada report published in December. Ms. Radiskovic says, "We're in a market where crypto is starting to pick up dramatically." At most Canadian financial institutions, "direct and indirect holdings of Canadian institutions of crypto are very minimal," according to the OSFI's Amar Munipalle. He says most of the crypto activity at the banks involves financing transactions for client-related activities.