Bank of England Panel Calls for Enhanced Crypto Regulation to Limit Contagion

The European Systemic Risk Board wants to set standards with regulators to mitigate against crypto assets that could have a financial impact on the financial system. The U.K. is not alone in calling for policies to guard against the financial stability risks crypto assets could have. The European Union has also called for standards to be put in place to mitigate the risks of crypto assets in the financial world, which could have an impact on financial stability, to be set up in the U.S. The European Economic Policy Board said it wants to work with regulators around the world to set up standards to mitigate crypto assets to avoid financial instability risks in the world, to avoid the risk of a financial crisis in the form of a large number of large amounts of money. Source