Jon Cunliffe city Coventry regulation FTX Bank of England Jon Cunliffe city Coventry

BOE’s Cunliffe says regulation can save crypto from itself, and it’s worth the effort

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cointelegraph.com

Bank of England Deputy Governor Sir Jon Cunliffe shared thoughts on cryptocurrency regulation and decentralized finance (DeFi) in a talk on Nov.

21. He intended to speak about stablecoins and central bank digital currency (CBDC), Cunliffe said at a conference in Coventry, but the collapse of FTX as he wrote his draft speech led him to some more general observations as well.FTX and a number of other centralized crypto asset exchanges “appear to operate as conglomerates, bundling products and functions within one firm” without the tight controls of traditional finance, Cunliffe said.

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