ApeWatcher News
  • Home
  • Advertise
  • Headlines
  • Crypto
    • News
    • Bitcoin
    • Ethereum
    • Altcoin
    • View All
  • DeFi
  • NFT
  • Metaverse
  • Guides
  • Rates
  • Videos
  • Listing Platform
  • BSC
  • ETH
  • Listing Platform
  • BSC
  • ETH
What's Hot

Crypto Trader Says One Mid-Cap Altcoin ‘Looks Very Healthy’, Updates Outlook on Bitcoin, Ethereum and Solana

September 30, 2023

Leased proof-of-stake (LPoS), explained

September 30, 2023

FTX hacker’s wallet stirs as Ethereum ETFs prepare for U.S. debut

September 30, 2023
Twitter Telegram
  • Listing Platform
  • Home
  • BSC
  • ETH
Advertise
Twitter Telegram
ApeWatcher News
  • Headlines
  • Crypto
    1. News
    2. Bitcoin
    3. Ethereum
    4. Altcoin
    5. View All

    Crypto Trader Says One Mid-Cap Altcoin ‘Looks Very Healthy’, Updates Outlook on Bitcoin, Ethereum and Solana

    September 30, 2023

    Bitwise announces Ethereum ETF’s launch on October 2

    September 30, 2023

    Coinbase CEO Brian Armstrong Says the US Needs Crypto Regulatory Clarity To Maintain the Dollar-Based Soft Power

    September 30, 2023

    Bitcoin Price Prediction as BTC Holds At $26,800 Level – Best Time to Buy?

    September 30, 2023

    Bitcoin’s inflation-hedge theory tested as rising interest rates bring turbulence to markets

    September 29, 2023

    Crypto Analyst Says Bitcoin (BTC) Is ‘Worth Watching’, Dives Deep Into Chainlink (LINK)

    September 29, 2023

    A $600 billion tipping point for crypto

    September 29, 2023

    Bitcoin About To Hit New Highs As ‘Completely New Environment Unfolds’ for BTC, Says Glassnode Co-Founders

    September 29, 2023

    Pond0x DEX claims $100M in trading volume as critics allege it’s a scam

    September 29, 2023

    Invesco Galaxy applies for Ether spot ETF

    September 29, 2023

    Valkyrie backtracks on Ether futures contract purchases until ETF launch

    September 29, 2023

    Valkyrie will offer exposure to Ether futures as SEC delays spot Bitcoin ETF

    September 28, 2023

    Analyst Michaël van de Poppe Says Top-50 Altcoin That’s Exploded Nearly 800% Year-to-Date Ready for a ‘New Leg Up’

    September 30, 2023

    Top-35 Altcoin Ignores Crypto Market Doldrums and Surges by Nearly 45% in the Past Month Amid Spike in Activity

    September 30, 2023

    Shiba Inu Team Advises Investors To Do Their Own Research, Be Wary of Suspicious SHIB Partnerships

    September 29, 2023

    Crypto Trader Says Controversial Altcoin Could Surge by Double Digits, Updates Outlook on Biconomy and Terra

    September 29, 2023

    Crypto Trader Says One Mid-Cap Altcoin ‘Looks Very Healthy’, Updates Outlook on Bitcoin, Ethereum and Solana

    September 30, 2023

    Leased proof-of-stake (LPoS), explained

    September 30, 2023

    FTX hacker’s wallet stirs as Ethereum ETFs prepare for U.S. debut

    September 30, 2023

    Bitwise announces Ethereum ETF’s launch on October 2

    September 30, 2023
  • DeFi
  • NFT
  • Metaverse
  • Guides
  • Rates
  • Videos

    🚨BREAKING🚨 First U.S. Ethereum ETF APPROVED! (Altcoin Pump Coming?)

    September 29, 2023

    Ethereum Futures ETF: 90% Odds of Approval and What It Means! #shorts #crypto #youtubeshorts

    September 29, 2023

    Congress Still Gets Paid During a Shutdown? Here's the Truth! #shorts #crypto #youtubeshorts

    September 29, 2023

    CHINA To Kick Off Next Black Swan Event?! #crypto #shorts #youtubeshorts

    September 28, 2023

    “Winners Do THIS More” | Mark Yusko #success #motivation #crypto

    September 28, 2023
  • bitcoinBitcoin(BTC)
    $0.000.080% 24H
    BITCOIN
    24H : 0.080%
    Volume : $0.00
    Marketcap : $0.00
  • ethereumEthereum(ETH)
    $0.000.560% 24H
    ETHEREUM
    24H : 0.560%
    Volume : $0.00
    Marketcap : $0.00
  • tetherTether(USDT)
    $0.000.020% 24H
    TETHER
    24H : 0.020%
    Volume : $0.00
    Marketcap : $0.00
  • binancecoinBNB(BNB)
    $0.00-0.40% 24H
    BNB
    24H : -0.40%
    Volume : $0.00
    Marketcap : $0.00
  • rippleXRP(XRP)
    $0.00-3.47% 24H
    XRP
    24H : -3.47%
    Volume : $0.00
    Marketcap : $0.00
  • usd-coinUSDC(USDC)
    $0.000.120% 24H
    USDC
    24H : 0.120%
    Volume : $0.00
    Marketcap : $0.00
  • staked-etherLido Staked Ether(STETH)
    $0.000.570% 24H
    LIDO STAKED ETHER
    24H : 0.570%
    Volume : $0.00
    Marketcap : $0.00
  • cardanoCardano(ADA)
    $0.00-0.61% 24H
    CARDANO
    24H : -0.61%
    Volume : $0.00
    Marketcap : $0.00
  • dogecoinDogecoin(DOGE)
    $0.000.270% 24H
    DOGECOIN
    24H : 0.270%
    Volume : $0.00
    Marketcap : $0.00
  • solanaSolana(SOL)
    $0.001.33% 24H
    SOLANA
    24H : 1.33%
    Volume : $0.00
    Marketcap : $0.00
  • bitcoinBitcoin(BTC)
    $0.000.080% 24H
    BITCOIN
    24H : 0.080%
    Volume : $0.00
    Marketcap : $0.00
  • ethereumEthereum(ETH)
    $0.000.560% 24H
    ETHEREUM
    24H : 0.560%
    Volume : $0.00
    Marketcap : $0.00
  • tetherTether(USDT)
    $0.000.020% 24H
    TETHER
    24H : 0.020%
    Volume : $0.00
    Marketcap : $0.00
  • binancecoinBNB(BNB)
    $0.00-0.40% 24H
    BNB
    24H : -0.40%
    Volume : $0.00
    Marketcap : $0.00
  • rippleXRP(XRP)
    $0.00-3.47% 24H
    XRP
    24H : -3.47%
    Volume : $0.00
    Marketcap : $0.00
  • usd-coinUSDC(USDC)
    $0.000.120% 24H
    USDC
    24H : 0.120%
    Volume : $0.00
    Marketcap : $0.00
  • staked-etherLido Staked Ether(STETH)
    $0.000.570% 24H
    LIDO STAKED ETHER
    24H : 0.570%
    Volume : $0.00
    Marketcap : $0.00
  • cardanoCardano(ADA)
    $0.00-0.61% 24H
    CARDANO
    24H : -0.61%
    Volume : $0.00
    Marketcap : $0.00
  • dogecoinDogecoin(DOGE)
    $0.000.270% 24H
    DOGECOIN
    24H : 0.270%
    Volume : $0.00
    Marketcap : $0.00
  • solanaSolana(SOL)
    $0.001.33% 24H
    SOLANA
    24H : 1.33%
    Volume : $0.00
    Marketcap : $0.00
ApeWatcher News
Home » Crypto needs regulation to mitigate risks, says Bank of England exec
Altcoin

Crypto needs regulation to mitigate risks, says Bank of England exec

Coin TelegraphBy Coin TelegraphJuly 11, 20220 ViewsNo Comments
Share
Facebook Twitter LinkedIn Pinterest Email

Bank of England (BoE) deputy governor for financial stability, Jon Cunliffe, recommended forming a set of regulations — similar to conventional financial systems — to tackle risks within the cryptocurrenc ecosystem while improving investor confidence. 

Speaking at a press conference, Cunliffe highlighted the recent downfall of the Terra ecosystem, pointing out that cryptocurrencies that fail to maintain their value induce stress across crypto markets. He compared his idea for a crypto regulatory framework to similar instances in traditional finance wherein regulations shelter investors from unrecoverable losses, adding:

“For me, it underlines the fact that we need now to bring in the regulatory system that will manage those risks in the crypto world in the same way that we manage them in the conventional world.”

While acknowledging crypto’s “real potential for use in the financial system,” Cunliffe stated that regulations for crypto need not be fundamentally different from traditional finance. However, it may need to be applied differently while considering the underlying technology powering cryptocurrencies.

BoE Governor Andrew Bailey stressed the need for the involvement of international bodies in borderless or cross-border trading of cryptocurrencies. Bailey said that “unbacked crypto” does not have an intrinsic value but can be better viewed as an investment. On the other hand, the governor believed that stablecoins are better suited as a means of payment, adding:

“I think they (cryptocurrencies and stablecoins) need a different lens, and that’s what we’re doing in terms of how we approach it.”

A recent survey of 5,916 citizens conducted by Her Majesty’s Revenue and Customs (HMRC) revealed that an average crypto asset holder in Great Britain considers crypto to be a “fun investment.”

Related: Majority of British crypto owners revealed to be hodlers: Survey

The report showed that 10% of the respondents hold or have held crypto at some point in time, with 55% never having sold any. It was also found that 52% of crypto investors have holdings of up to $1,200, of 1,000 Great British pounds.

Read the full article here

Follow us on Google News to get the latest Updates

 
Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Analyst Michaël van de Poppe Says Top-50 Altcoin That’s Exploded Nearly 800% Year-to-Date Ready for a ‘New Leg Up’

September 30, 2023

Top-35 Altcoin Ignores Crypto Market Doldrums and Surges by Nearly 45% in the Past Month Amid Spike in Activity

September 30, 2023

Shiba Inu Team Advises Investors To Do Their Own Research, Be Wary of Suspicious SHIB Partnerships

September 29, 2023

Crypto Trader Says Controversial Altcoin Could Surge by Double Digits, Updates Outlook on Biconomy and Terra

September 29, 2023

Bitcoin Could Erupt Once This Surging Asset ‘Settles Down’, According to Crypto Analytics Firm Santiment

September 29, 2023

Top Trader Who Nailed 2022 Bitcoin Bottom Says One Blue Chip Altcoin Signaling a ‘Breakout in the Making’

September 29, 2023
Add A Comment

Leave A Reply Cancel Reply

Top Articles

Crypto Trader Says One Mid-Cap Altcoin ‘Looks Very Healthy’, Updates Outlook on Bitcoin, Ethereum and Solana

September 30, 2023

Leased proof-of-stake (LPoS), explained

September 30, 2023

FTX hacker’s wallet stirs as Ethereum ETFs prepare for U.S. debut

September 30, 2023
# Name Price Changes 24h Market CAPVolume Supply
ApeWatcher News
Twitter Telegram
  • Privacy Policy
  • Sources
  • Terms and Conditions
  • Contact
  • Advertise
© 2023 Ape Watcher News

Type above and press Enter to search. Press Esc to cancel.