Bank of England Deputy Governor Sir Jon Cunliffe has revealed that the British central bank is planning to step up its efforts to regulate cryptocurrency trading with new laws. “We should think about regulation before it becomes integrated with the financial system and before we could have a potential systemic problem,” he stressed.
Sir Jon Cunliffe on Crypto Regulation
Sir Jon Cunliffe, Bank of England (BOE)’s deputy governor for financial stability, talked about cryptocurrency in an interview with Sky News Thursday. He explained that the British central bank plans to step up its effort with new laws to regulate crypto trading following the collapse of crypto exchange FTX.
“Trading of crypto assets was not big enough to destabilize the financial system, but it was starting to develop links,” Cunliffe said, elaborating:
We had banks and investment funds and others who wanted to invest in it and I think we should think about regulation before it becomes integrated with the fin
We współpracy z: https://news.bitcoin.com/bank-of-englands-cunliffe-pushes-for-crypto-regulation-sees-real-benefits-for-uk/
