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BoE deputy gov: Regulators should pursue crypto as a ‘matter of urgency’

CryptocurrencyOct 13, 2021 07:20PM ET
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Jon Cunliffe, deputy governor for financial stability at the Bank of England, said the risks of a growing crypto market on the financial system are “relatively limited” at the moment but have the potential to grow very rapidly if regulators do not keep pace.

In a speech to the Society for Worldwide Interbank Financial Telecommunication (SWIFT) on Oct. 13, Cunliffe said policymakers around the world have only just started to develop the framework needed to properly regulate digital assets but should pursue it “as a matter of urgency.” The deputy governor spoke about the risks that cryptocurrencies and stablecoins may pose when connected to traditional financial systems through individuals, financial institutions, hedge funds and banks.

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BoE deputy gov: Regulators should pursue crypto as a ‘matter of urgency’
 

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James Hilliard
James Hilliard Oct 13, 2021 10:36PM ET
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British troops, swine, and teachers will make sure the banking masters keep getting them paid
 
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