Auto Added by WPeMatico

Bank of England Deputy Governor: FTX Collapse Highlights Urgent Need for Tighter Crypto Regulation

Bank of England’s deputy governor for financial stability, Sir Jon Cunliffe, says the collapse of cryptocurrency exchange FTX has highlighted the urgent need for tighter crypto regulation. “We should not…

Continue ReadingBank of England Deputy Governor: FTX Collapse Highlights Urgent Need for Tighter Crypto Regulation

Bank of England Analysts See Crypto Having Important Roles in the Metaverse — Discuss the Need for Regulation

Bank of England’s analysts say crypto assets could have important roles within the metaverse. “Widespread adoption of crypto in the metaverse … would require compliance with robust consumer protection and…

Continue ReadingBank of England Analysts See Crypto Having Important Roles in the Metaverse — Discuss the Need for Regulation

Bank of England: Crypto Needs Enhanced Regulatory and Law Enforcement Frameworks

The Bank of England says “extreme volatility” in the crypto market “underscores the need for enhanced regulatory and law enforcement frameworks.” The British central bank has warned that crypto prices…

Continue ReadingBank of England: Crypto Needs Enhanced Regulatory and Law Enforcement Frameworks

Bank of England’s Governor Warns About Crypto Amid Bloodbath — ‘Be Prepared to Lose All Your Money’

The governor of the Bank of England, Andrew Bailey, has reiterated his warning about cryptocurrency investing after U.S. crypto lender Celsius abruptly froze withdrawals. He stressed that investors should be…

Continue ReadingBank of England’s Governor Warns About Crypto Amid Bloodbath — ‘Be Prepared to Lose All Your Money’

Bank of England Governor Says Crypto Creates ‘Opportunity for the Downright Criminal’

The governor of the Bank of England, Andrew Bailey, has warned that crypto creates an “opportunity for the downright criminal.” The central bank chief described: “You only have to ask…

Continue ReadingBank of England Governor Says Crypto Creates ‘Opportunity for the Downright Criminal’

Bank of England Says Crypto Assets ‘Present Financial Stability Risks,’ Bank Begins Sketching Regulatory Framework

The Bank of England has revealed that it is working on sketching a regulatory framework for crypto assets, according to statements stemming from the central bank’s Financial Policy Committee on…

Continue ReadingBank of England Says Crypto Assets ‘Present Financial Stability Risks,’ Bank Begins Sketching Regulatory Framework

Bank of England’s Cunliffe: Crypto Threat to Financial Stability ‘Getting Closer’ — Urges Regulators to Act Now

Bank of England’s deputy governor for financial stability, Sir Jon Cunliffe, has warned that cryptocurrency is getting closer to posing a threat to global financial stability due to the sector’s…

Continue ReadingBank of England’s Cunliffe: Crypto Threat to Financial Stability ‘Getting Closer’ — Urges Regulators to Act Now

Bank of England: Crypto Assets Pose ‘Limited’ Risks to Stability of UK Financial System

The Bank of England says that crypto assets pose “limited” direct risks to the stability of the country’s financial system. “Cryptoasset and associated markets and services continue to grow and…

Continue ReadingBank of England: Crypto Assets Pose ‘Limited’ Risks to Stability of UK Financial System