Regulators need to work quickly to put in place a set of rules for cryptocurrencies, given the sector's rapid growth and the time it takes to agree on new standards, Bank of England Deputy Governor Jon Cunliffe said on Wednesday. "Regulators internationally and in many jurisdictions have begun the work. It needs to be pursued as a matter of urgency," Cunliffe said in a speech to the SIBOS conference. Last week, global regulators proposed that the safeguards they apply to systemic clearing houses and payment systems should also be applied to stablecoins, a type of cryptocurrency typically backed by an asset or fiat ... (full story)