FTX Disaster Shows Crypto Could Be A ‘Problem’ If Not Regulated, BOE Governor Says

There is a big lesson to be learned from FTX and cryptocurrencies. A deputy governor of the Bank of England stated in a recent speech at Warwick Business School that the experience of the past few months illustrates that crypto is highly susceptible to the hazards that regulation in the traditional financial industry is intended to prevent. Jon Cunliffe, the BOE deputy governor for financial stability, has reaffirmed his stance in the need to regulate cryptocurrencies, particularly in the aftermath of FTX’s demise. Cunliffe emphasized the developing ties between the regular banking markets and crypto trading and emphasized the urgency of overseeing