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Sarah Breeden: The Bank of England Will Push for Tighter Rules as Institutions Embrace Crypto
Summary: Sarah Breeden, who works as Executive Director for Financial Stability Strategy and Risk in The Bank of England, told The Times that the bank wants stronger rules for crypto assets on an international scale as banks and institutional investors deepen their involvement. He said, “This is not something the UK can solve all on its ...
Sarah Breeden, who works as Executive Director for Financial Stability Strategy and Risk in The Bank of England, told The Times that the bank wants stronger rules for crypto assets on an international scale as banks and institutional investors deepen their involvement. He said, “This is not something the UK can solve all on its own".
The BoE's plans also dovetail with efforts to more closely regulate the crypto industry within the UK as well. “We don’t have a regulatory framework that’s fit for crypto-coins yet, but what we are doing is rolling our sleeves up and getting ready to build it,” Breeden told The Times.
By Amy Liu
Tags: Bank of England,Crypto,Sarah Breeden
Link: Sarah Breeden: The Bank of England Will Push for Tighter Rules as Institutions Embrace Crypto [Copy]
