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Bank of England calls for 'enhanced' crypto regulatory framework
The Bank of England said activity in the crypto market must be addressed as the industry continues to grow. The bank’s Financial Policy Committee (FPC) briefly addressed cryptocurrencies in its financial stability report on Tuesday. The report noted that while crypto poses a less immediate risk it is nonetheless important to monitor. In particular, the report pointed to the sharp drop-off in the market's value — which fell below $1 trillion in June from a high of $3 trillion in November. The FPC said that several vulnerabilities, with similarities to previous episodes in traditional finance, were exposed during ... (full story)
