FTX shows need to regulate crypto before it gets big, says Bank of England

Summary by Ground News

Bank of England Deputy Governor Jon Cunliffe says FTX implosion shows need to bring crypto world within regulatory framework. FTX, which has filed for U.S. bankruptcy court protection, has said it owes its 50 biggest creditors nearly $3.1 billion. BoE will set out a public consultation to flesh out rules for stablecoins.

Published 2 months ago

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Reuters

FTX shows need to regulate crypto before it gets big, says Bank of England

LONDON - The implosion of cryptocurrency exchange FTX shows the need to bring the crypto world within the regulatory framework, Bank of England Deputy Governor Jon Cunliffe said on Monday. FTX, which has filed for U.S. bankruptcy court protection, has said it owes its 50 biggest creditors nearly $3.1 billion. "While the crypto world, as was demonstrated during last year’s crypto winter

2 months ago·United Kingdom

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The Telegraph

Regulate crypto to stop next FTX-style implosion, says Bank of England

Future crashes could have wider impacts on the financial system, warns deputy governor

2 months ago·London, United Kingdom

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RTÉ

FTX collapse shows need to regulate crypto

The implosion of cryptocurrency exchange FTX shows the need to bring the crypto world within the regulatory framework, Bank of England Deputy Governor Jon Cunliffe said today.

2 months ago·Ireland

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Channel News Asia

FTX shows need to regulate crypto before it gets big, says Bank of England

LONDON: The implosion of cryptocurrency exchange FTX shows the need to bring the crypto world within the regulatory framework, Bank of England (BoE) Deputy Governor Jon Cunliffe said on Monday (Nov 21). FTX, which has filed for US bankruptcy court protection, has said it owes its 50 biggest creditors nearl

2 months ago·Singapore

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Malay Mail

FTX collapse shows need to regulate crypto, says Bank of England

LONDON, Nov 21 — The implosion of cryptocurrency exchange FTX shows the need to bring the crypto world within the regulatory framework, Bank of England Deputy Governor Jon...

2 months ago·Selangor, Malaysia

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