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BoE exec flags cryptos and its ‘risks,’ again
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ambcrypto.comLooks like private cryptocurrencies are unable to ensure the English regulators of their benefits over their potential risks. In a recent BBC programme, Jon Cunliffe, Deputy Governor of Financial Stability, raised more concerns around crypto.
The member of the Bank of England’s rate-setting committee said,
“The point at which [crypto assets] pose a risk is getting closer. I think regulators and legislators need to think hard about that.”
Just a while back, Bank of England Governor Andrew Bailey had raised concerns about crypto-assets potentially helping illegal activity. He had reportedly claimed that its widespread acceptance as a “form of payment” is also helping criminals and scammers.
Last month, Sir Jon Cunliffe had explained in a speech
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Cryptocurrency regulation: Is banning cryptos a logical solution? Experts discuss cnbctv18.com /2 years ago
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