QUOTE OF THE QUARTER
11 January 2023
Our quote of the quarter reflects something we have comments on often – the need to regulate crypto currencies like other parts of financial services.
Numerous luminaries argue that cryptos should not be regulated – and given ten years of inactivity by the British government, implicitly they agree.
However, Sir Jon Cunliffe, Bank of England Deputy Governor, sees it differently and articulates very clearly just one of many angles as to why crypto currencies should be regulated:
“We had banks and investment funds and others who wanted to invest in it and I think we should think about regulation before it becomes integrated with the financial system and before it becomes a systemic problem.”
Bank of England Deputy Governor Sir Jon Cunliffe