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02.11 - 15:25
UK MPs raise stakes in crypto despite regulator’s warnings: Report
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H2: UK MPs may not pay heed to Bank of England’s crypto warnings
Contrary to recent crypto warnings by the Bank of England (BoE), reports claim that a growing number of UK parliamentarians are now invested in the asset class.
MP Marcus Fysh had revealed his holdings in Ethereum and Cardano earlier this year. Also, former Downing Street Chief of Staff Dominic Cummings has been a voice for blockchain while MP Philip Davies is a crypto ally. Apart from that, according to recent reports, another name with a Bitcoin wallet is MP Steve Baker.
BoE, not so long ago, had raised alarms around “financial stability” and the requirement for regulations in the crypto sector. The absence of which, it warned, can trigger an economic crisis equivalent to the
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