The Bank of England Financial Policy Committee, referring to the risks that cryptocurrencies pose for the financial system, financial institutions to be wary of the adoption of these assets suggested.
According to the minutes shared by the Financial Policy Committee on October 8, at the meeting held last month, “extremely rapid growth in crypto assets” It was discussed.
Cryptocurrencies versus the UK financial system to a limited extent In the meeting where it was stated that there was a risk, it was still “forward thinking” emphasized the importance of being
“For example, a growing number of financial institutions offer or plan to provide crypto custody, trading and derivative services to many different types of clients.”
The Financial Policy Committee, operating within the Bank of England, has determined that the regulatory framework, both at the national and international level, is based on the current risks in the cryptocurrency market. “keep pace with” stated that he was in combating money laundering and terrorism financing, protection of investors and market integrity focused on the risks.
Committee; The relationship between crypto assets and the national financial system in order to take precautions against the systemic risks that crypto assets may pose. will continue to watch.