The Bank of England has revealed that it is working on sketching a regulatory framework for cryptocurrency assets.
Bank of England Says Crypto Assets ‘Present Financial Stability Risks,’ Bank Begins Sketching Regulatory Framework
The Bank of England has revealed that it is working on sketching a regulatory framework for crypto assets, according to statements stemming from the central bank’s Financial Policy Committee on Thursday.On Thursday, the Bank of England told the press that it is sketching out a regulatory framework for digital currencies. The BOE statements derive from the central bank’s Financial Policy Committee and the bank mentioned sanctions tied to the ongoing Russia-Ukraine war.
Members of the BOE have criticized the cryptocurrency economy for quite some time. In mid-November last year, the governor of the Bank of England, Andrew Bailey,
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