The Bank of England (BoE) is working to monitor risks and hire staff in the growing cryptocurrency market, Bloomberg reported on April 21. from the commercial establishments it controls. will request funds.
The UK’s regulator agency (PRA) will increase its capital by approximately February 2023. plans to raise $420 million is stated.
cryptocurrencies, Bigger than the subprime mortgage industry that caused the 2008 financial crisis The central bank warned that this crisis was caused by the mistakes in the banking system. In addition, the central bank of the crypto money market of approximately 2 trillion dollars, the country’s potential threat to the financial system stated that he saw it as
Information technology firm IBM explains why central banks His thoughts on taking an anti-crypto stance shared.
“As a central bank, you cannot control the security, stability and soundness of your financial system unless you control the currency your population uses,” IBM wrote. said.