Bank of England 'urgently' warns on crypto crash meltdown amid 'Tether mystery'

Mark Battersby
clock • 4 min read

The Bank of England has called for "urgent" new regulations on cryptocurrencies in a warning that the digital asset could cause the next financial crash. Crypto experts react to this warning here. Speaking at Sibos, the thought leadership focused event for the financial community, on 13 October, deputy governor for financial stability, Jon Cunliffe, said: "There are well founded concerns around unbacked cryptoassets in relation to investor protection, market integrity and financial crime. "Investors losing money on speculative investments does not, in and of itself, constitute a fi...

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