Sir Jon Cunliffe shared the Bank of England’s stance that individuals should be able to safely speculate on crypto as they do in traditional markets.
The Bank of England's deputy governor said that crypto is integrating into traditional finance and should be regulated to protect retail speculators and the broader financial system.Sky News that the central bank is considering steps to regulate the crypto"casino" to protect investors and mitigate systemic risk.
"I think for the majority of people, if they do want to be involved in speculation in [crypto] ... for consumer protection and market integrity, they should have a place to do that where they get the protection they would get in a similar activity in the UK," he said.
Regulate? Or make unlawful. Save time. Get to the end.
Deleverage traditional banking and this issue goes away😉🤫