Bank of England warns banks over cryptos as German saving banks mull crypto wallet

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Bank of England warns banks over cryptos as German saving banks mull crypto wallet

Bank of England Governor Andrew Bailey warned banks and other financial institutions on 13 December that they should be "especially cautious" about holding cryptoassets until regulators go live with new rules.  Speaking after the meeting of the Bank of England's Financial Policy Committee, he said: "The FPC considers that financial institutions should take an especially cautious and prudent approach to any adoption of these assets until such a regime is in place." Meanwhile, the German...

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