Home Alt coins What are the threats to UK cryptocurrencies – version of the central bank

What are the threats to UK cryptocurrencies – version of the central bank

by admin
Crypto News

What cryptocurrencies threaten the dollar version of the Fed

Cryptocurrencies do not yet pose a serious risk to the financial stability of the UK, but as their influence grows, the regulatory framework will need to be tightened. This is stated in the report of the Bank of England.

“Regulation must evolve fast enough, both domestically and globally, to eliminate the risks that they [криптовалюты] may be created in the future, ”the experts noted.

Representatives of the regulator said they intend to pay “close attention” to developments, including “the relationship between cryptocurrencies and the UK financial system.” So the Central Bank intends to ensure resilience to potential systemic risks.

“The FPC believes that financial institutions should exercise caution and prudence in any acceptance of these assets,” the document says.

What are the threats to UK cryptocurrencies version of

Recall that the head of the Bank of England does not consider Bitcoin as money.

#threats #cryptocurrencies #version #central #bank

Related Posts

Leave a Comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.