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After FTX Crash, Bank of England insists on Crypto Regulations

November 21, 2022Jon Cunliffe, Deputy Governor, Bank of England spoke on the FTX collapse and the need for regulations.Learn moreAfter FTX debacle, he talked about the need to integrate a regulatory framework in the crypto world.On November 11, FTX and its affiliates filed for bankruptcy after SBF resigned from his CEO position.Cunliffe added the need for a framework to “prevent crypto shock that could have a much greater destabilising impact.”Learn moreFurthermore, he said the Bank of England will hold public consultations to develop more detailed rules for stablecoins.Currently, BoE and finance ministry are looking at their own digital pound.Read More Stories