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BoE's Bailey tells banks to be 'especially cautious' with crypto
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Bank of England Governor Andrew Bailey warned banks and other regulated financial firms on Monday that they should be «especially cautious» about holding volatile cryptoassets until regulators put new rules in place. Bailey, speaking at a news conference, said future rules for cryptoassets — the BoE's preferred term for financial instruments such as bitcoin — would balance risk management with the need to support innovation and competition.
Read more on economictimes.indiatimes.comAbout this in other media
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Crypto token should be treated as special class of securities: CII economictimes.indiatimes.com /3 years ago
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