Governor of the Bank of England (BoE) Mark Carney has confirmed the UK is set for a new wave of cryptocurrency regulations, tackling potential financial stability risks and financial crime.
In a speech titled The future of money on Friday (2 March) Carney (pictured) said: "The time has come to hold the crypto-asset ecosystem to the same standards as the rest of the financial system. "At present, crypto-assets raise a host of issues around consumer and investor protection, market integrity, money laundering, terrorism financing, tax evasion, and the circumvention of capital controls and international sanctions. "The Bank of England's Financial Policy Committee (FPC) is currently considering the risks posed to UK financial stability." Carney warns of global clampdown on...
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