LockMeta
  • News
  • Bitcoin
  • Ethereum
  • Altcoins
  • NFTs
  • Metaverse
  • Business
  • Markets
  • Policy
  • Press Release
Twitter Telegram
LockMeta
Twitter Telegram
Google News
  • Latest News
  • Bitcoin
  • Ethereum
  • Altcoins
  • NFTs
  • Metaverse
  • Business
  • Markets
  • Policy
  • Press Release
LockMeta
News

The moment when cryptocurrency poses a risk is getting closer

November 17, 2021
Share Facebook Twitter Telegram WhatsApp Pinterest LinkedIn Tumblr Email Reddit VKontakte

Jon Cunliffe, the deputy governor of the Bank of England, warned that cryptocurrency assets such as Bitcoin are increasingly posing risks to financial stability.

He believes that regulators and legislative bodies need to think carefully about the upcoming risks. Jon Conriff said that although the current cryptocurrency assets such as Bitcoin have not yet posed a direct threat to financial stability. However, cryptocurrency is growing very fast and is becoming more integrated into the traditional financial system.

Therefore, he believes that the time when cryptocurrency poses a risk is getting closer, so regulators and legislators need to consider this issue very seriously.

This is not the first warning by Jon Conriff. As early as October of this year, he stated that cryptocurrency lacks intrinsic value, price fluctuations, network and operational loopholes, and the power of public actions, so it may collapse, It is necessary to formulate rules to list this rapidly developing industry as an “emergency matter”.

Previous ArticleNFTSTAR will develop and sell Sun Xingyun’s collection
Next Article Bitmain donated to the National Information Research Center

Related News

January 5, 2023

Asset Management Giant BlackRock Adds Bitcoin to Its Global Allocation Fund Portfolio

January 5, 2023

Data: By the end of last year, Binance had controlled 92% of Bitcoin spot transactions

January 5, 2023

Wemade plans to launch an Ethereum Layer 2 platform using zero-knowledge proof technology

January 5, 2023

Memeland Captain NFT “CaptainZ” was released within 12 minutes, and the team’s income was about 9801 ETH

January 5, 2023

Online password management platform LastPass hit with class action lawsuit, accused of stealing more than $50,000 in Bitcoin due to data breach

January 4, 2023

The White House: SBF’s visit to the White House last year was mainly about the pandemic, but also general information about encryption

January 4, 2023

The founder of the NFT project Goobers embezzled investors’ funds for gambling and lost all his assets

January 4, 2023

Data: 70% of DOGE addresses have held coins for more than 1 year

The Latest
Bitcoin News January 5, 2023
Asset Management Giant BlackRock Adds Bitcoin to Its Global Allocation Fund Portfolio
Bitcoin News January 5, 2023
Data: By the end of last year, Binance had controlled 92% of Bitcoin spot transactions
Ethereum News January 5, 2023
Wemade plans to launch an Ethereum Layer 2 platform using zero-knowledge proof technology
NFT News January 5, 2023
Memeland Captain NFT “CaptainZ” was released within 12 minutes, and the team’s income was about 9801 ETH
Bitcoin News January 5, 2023
Online password management platform LastPass hit with class action lawsuit, accused of stealing more than $50,000 in Bitcoin due to data breach

LockMeta provides the latest crypto news flash including Bitcoin, Ethereum, Altcoins, NFTs, Metaverse, Business and Policy. Get today's latest crypto news in a minute.

Twitter Telegram
  • News
  • Bitcoin
  • Ethereum
  • Altcoins
  • NFTs
  • Metaverse
  • Business
  • Markets
  • Policy
  • Press Release
  • About Us
  • Contact Us
  • Advertise
  • Terms of Service
  • Privacy Policy
© 2023 LockMeta.

Type above and press Enter to search. Press Esc to cancel.