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BTC, ETH, XRP: U.K. to Restrict Banks’ Crypto Activities
The Bank of England plans to restrict the cryptocurrency activities of commercial banks in an effort to promote and protect financial stability across the United Kingdom (U.K.). The British central bank is reportedly looking to formulate rules that restrict rather than permit dealings in cryptocurrencies such as Bitcoin , Ethereum and XRP, said David Bailey, executive director of the Bank of England, in a recent speech. Bailey suggested that the U.K. central bank is likely to encourage commercial lenders to have a low exposure to volatile cryptocurrencies. In his speech, Bailey said the Bank of England is concerned ... (full story)
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