Sir Jon Cunliffe likened danger to 2008 crash and called for tough regulation of cryptocurrencies
A senior Bank of England policymaker has warned that digital currencies like bitcoin could trigger a financial meltdown unless governments step forward with tough regulations.
Likening the growth of cryptocurrencies to the spiralling value of US sub-prime mortgages before the 2008 financial crash, deputy governor Sir Jon Cunliffe said there was danger financial markets could be rocked in a few years by an event of similar magnitude.
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Sir Jon Cunliffe likened danger to 2008 crash and called for tough regulation of cryptocurrencies
A senior Bank of England policymaker has warned that digital currencies like bitcoin could trigger a financial meltdown unless governments step forward with tough regulations.
Likening the growth of cryptocurrencies to the spiralling value of US sub-prime mortgages before the 2008 financial crash, deputy governor Sir Jon Cunliffe said there was danger financial markets could be rocked in a few years by an event of similar magnitude. Continue reading…Technology | The Guardian