Bank of England's deputy governor for financial stability, Sir Jon Cunliffe, says the collapse of cryptocurrency exchange FTX has highlighted the urgent need for tighter crypto regulation.We should not wait until it is large and connected to develop the regulatory frameworks necessary to prevent a crypto shock that could have a much greater destabilizing impact, said the deputy governor.
#responsible #recommendation #cryptocurrencies #shutterstock #comments-section #consultation #federal-reserve #financial-services #cryptography #financial-system
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