sir Jon Cunliffe – DIGIT INFO

Bank of England’s Cunliffe Pushes for Crypto Regulation — Sees ‘Real’ Benefits for UK

DIGIT — Sat, 24 Dec 2022 04:30:56 +0000

Bank of England Deputy Governor Sir Jon Cunliffe has revealed that the British central bank is planning to step up its efforts to regulate cryptocurrency trading with new laws. “We should think about regulation before it becomes integrated with the financial system and before we could have a potential systemic problem,” he stressed. Sir Jon […]

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Bank of England Deputy Governor: FTX Collapse Highlights Urgent Need for Tighter Crypto Regulation

DIGIT — Wed, 23 Nov 2022 04:30:43 +0000

Bank of England’s deputy governor for financial stability, Sir Jon Cunliffe, says the collapse of cryptocurrency exchange FTX has highlighted the urgent need for tighter crypto regulation. “We should not wait until it is large and connected to develop the regulatory frameworks necessary to prevent a crypto shock that could have a much greater destabilizing […]

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Bank of England’s Cunliffe Warns Crypto Is ‘Prone to Collapse’ — Touts ‘Same Risk, Same Regulatory Outcome’

DIGIT — Sat, 16 Jul 2022 22:00:45 +0000

Bank of England’s deputy governor for financial stability, Sir Jon Cunliffe, has warned that cryptocurrencies are “very vulnerable to sentiment and prone to collapse.” He urged regulators to “get on with the job” and regulate crypto under the principle of “same risk, same regulatory outcome.” Bank of England’s Cunliffe on Crypto Regulation Sir Jon Cunliffe, […]

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Bank of England’s Cunliffe Warns Crypto Will See Tough Times as Federal Reserve Tightens Financial Conditions

DIGIT — Thu, 19 May 2022 02:30:50 +0000

Bank of England’s deputy governor for financial stability, Sir Jon Cunliffe, has warned of hard times ahead for cryptocurrency investors as the Federal Reserve and other central banks tighten monetary policy. Bank of England’s Executive Warns About Crypto Sir Jon Cunliffe, deputy governor for financial stability at the Bank of England (BOE), had a warning […]

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Bank of England Says Crypto Assets ‘Present Financial Stability Risks,’ Bank Begins Sketching Regulatory Framework

DIGIT — Thu, 24 Mar 2022 19:30:45 +0000

The Bank of England has revealed that it is working on sketching a regulatory framework for crypto assets, according to statements stemming from the central bank’s Financial Policy Committee on Thursday. BOE Stresses Crypto Assets Need Effective Public Policy Frameworks On Thursday, the Bank of England (BOE) told the press that it is sketching out […]

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Bank of England Deputy Governor Warns Crypto Prices Could Fall to Zero

DIGIT — Wed, 15 Dec 2021 02:30:22 +0000

Bank of England’s deputy governor for financial stability, Sir Jon Cunliffe, has warned that the price of cryptocurrencies, including bitcoin, could fall to zero. Noting that the crypto industry is “growing very fast,” he stressed: “We really need to roll our sleeves up and get on with it, so that by the time this becomes […]

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Bank of England sees CBDCs as a revolution for the future of money

DIGIT — Tue, 23 Nov 2021 19:30:00 +0000

The Bank of England estimates that 20% of retail and consumer deposits could potentially move toward CBDCs.

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Crypto poses imminent threat to financial stability: Bank of England Deputy Governor

DIGIT — Tue, 16 Nov 2021 05:05:27 +0000

Bank of England’s Sir Jon Cunliffe has urged British lawmakers to think “very hard” about the disruption integrating cryptocurrency with traditional finance could wreak.

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Cryptocurrency Could Kill Bank Lending, Warns Bank of England Deputy Governor

DIGIT — Sun, 01 Mar 2020 17:45:37 +0000

In the cryptocurrency economy, the supply of credit through the banking system could disappear, warned Bank of England Deputy Governor Sir Jon Cunliffe. That would be a change with “profound economic consequences,” he added, emphasizing the risks from Facebook’s Libra project and global stablecoins. Also read: SEC Karate-Chops Steven Seagal Over Promoting Cryptocurrency Touted as […]

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