Cryptocurrencies
BOE Pushes for Tougher Regulation of $1.7 Trillion Crypto Market
- Crypto assets are larger than sub-prime market in 2008
- Concern links between crypto and banks could unsettle markets
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The Bank of England called on policy makers to beef up the global framework for regulating cryptocurrencies to prevent them from threatening the wider stability of financial markets.
The U.K. central bank’s Financial Policy Committee suggested the role of prudential and market integrity regulators should be expanded and their coordination increased.