The Bank of England (BoE) governor Andrew Bailey has told banks and other regulated financial firms that they should take caution when holding volatile cryptocurrency assets until regulators put new rules in place, according to media reports.
Speaking at a news conference, Mr Bailey stated that future rules for cryptocurrency assets would make sure that there is a balance of risk management with the need to support innovation and competition.
Mr Bailey said: "The BoE Financial Pol...
Start a free trial now for access to breaking news and cutting edge analysis of the wealth management industry.
You are currently not logged in,
login to view the full article
start by clicking this button.
Need a subscription,
fill out the form here or
contact subs@thewealthnet.com
PAM Insight is the world’s leading independent provider of essential specialist news, analysis and comparative data for the fast-evolving world of wealth management.
Read more about PAM
