According to Jon Cunliffe, regulators needed to accelerate efforts to find a place for crypto in current frameworks based on the principle of “same risk, same regulatory outcome.”
Category: Bank of England
Crypto needs regulation to mitigate risks, says Bank of England execCrypto needs regulation to mitigate risks, says Bank of England exec
Traditional markets have regulations to protect investors from unrecoverable losses, a Bank of England executive recently noted.
Crypto market volatility shows need for ‘enhanced regulatory and law enforcement frameworks’ — BoECrypto market volatility shows need for ‘enhanced regulatory and law enforcement frameworks’ — BoE
The Bank of England has called for “enhanced” regulations of crypto to address potential risk to the country’s financial stability amid the market capitalization dropping more than $2 billion. In
Bank of England’s PRA raises budget $31M for ‘emerging risks’ like cryptoBank of England’s PRA raises budget $31M for ‘emerging risks’ like crypto
The Bank of England’s regulatory arm has raised its budget by $31.6 million (£24.3 million) for the coming financial year saying that costs have increased due to its growing responsibilities
MIT adds the Bank of England to its stable of CBDC digital currency research partnersMIT adds the Bank of England to its stable of CBDC digital currency research partners
The Bank of England announced Friday that it had reached an agreement with the Massachusetts Institute of Technology Media Lab Digital Currency Initiative, or DCI, on a joint twelve-month research
Bank of England and regulators assess crypto regulation in raft of new reportsBank of England and regulators assess crypto regulation in raft of new reports
The Bank of England Financial Policy Committee and other U.K. regulators are assessing crypto regulation after publishing reports on financial stability relating to cryptoassets and decentralized finance. The BoE report
Bank of England sees CBDCs as a revolution for the future of moneyBank of England sees CBDCs as a revolution for the future of money
The Bank of England estimates that 20% of retail and consumer deposits could potentially move toward CBDCs.
Crypto poses imminent threat to financial stability: Bank of England Deputy GovernorCrypto poses imminent threat to financial stability: Bank of England Deputy Governor
Bank of England’s Sir Jon Cunliffe has urged British lawmakers to think “very hard” about the disruption integrating cryptocurrency with traditional finance could wreak.
UK Treasury and central bank will consult on CBDC, potentially launching by 2030UK Treasury and central bank will consult on CBDC, potentially launching by 2030
“The earliest date for launch of a U.K. CBDC would be in the second half of the decade,” said the Bank of England, adding no final decision has yet been
BoE deputy gov: regulators should pursue crypto as a ‘matter of urgency’BoE deputy gov: regulators should pursue crypto as a ‘matter of urgency’
The central bank official spoke about the risks cryptocurrencies and stablecoins may pose when connected to traditional financial systems through individuals, financial institutions, hedge funds, and banks.