- According to Sir Jon Cunliffe, the deputy governor for Financial Stability at the Bank of England, crypto may pose an imminent threat to the traditional financial system.
- While Cunliffe warned of integrating volatile crypto-assets into the mainstream financial system, he dismissed adjacent concerns pertaining to the rise of stablecoins.
- On Nov. 9 Britain’s central bank and Treasury released a joint statement outlining coming research into a central bank digital currency for the United Kingdom market.
[Via]
