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Bank of England Deputy Director stresses need for crypto regulation

Photo: Getty Images

Jon Cunliffe referred to the collapse of trading platform FTX and its associated businesses as “the largest – and certainly the most spectacular – failure to date in the crypto ecosystem”.

In the wake of the collapse of crypto exchange platform FTX, Deputy Governor of the Bank of England Jon Cunliffe has strongly advocated regulating the industry.

With regards to FTX specifically, and to the activities it undertook, he said: “The regulatory system and international standards in place aim to stop

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