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Published 1 year ago

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.

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