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Bank of England Panel Calls for Enhanced Crypto Regulation to Limit Contagion

The loss of $2 trillion of crypto market cap over a period of months has “underscored the need for enhanced regulation,” the Financial Policy Committee said.

Updated May 11, 2023, 4:50 p.m. Published Jul 5, 2022, 11:48 a.m.
The Bank of England's Financial Policy Committee is calling for more regulation to mitigate against crypto risks (Robert Bye/Unsplash)
The Bank of England's Financial Policy Committee is calling for more regulation to mitigate against crypto risks (Robert Bye/Unsplash)