Cunliffe has had a large role monitoring crypto as a G20 financial stability board and Bank of International Settlements advisor. Of note, the value of cryptocurrency coins has jumped from under $800 billion to $2.3 trillion just this year.
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Bank of England Bigwig Warns of Crypto Crash That Could Cause 2008-Style Meltdown
Sir Jon Cunliffe, deputy governor of the Bank of England, said absent strong regulation, the digital currency space could trigger a financial meltdown on par with the mortgage crisis of 2008. So reports The Guardian.
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