
Bank of England warns digital currency growth could pose financial stability risks
In a recent report, the bank said that digital currencies make up a small percentage of assets in the U.K., but are growing rapidly and have to be regulated.
In a recent report, the bank said that digital currencies make up a small percentage of assets in the U.K., but are growing rapidly and have to be regulated.
The Deputy Governor said the risks posed by stablecoins as well as decentralized and derivatives trading on unbacked assets, were enough to require a more hands-on regulatory approach.