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Cryptocurrencies pose financial-stability risks and should be regulated, BOE’s Cunliffe says

The rapid growth of cryptocurrencies poses a risk to financial stability due to the impact that could be felt by banks if the price of Bitcoin were to collapse, Bank of England deputy governor Jon Cunliffe said today.

Cunliffe called for “well-designed standards and regulation” for the cryptocurrency world, to allow the innovative

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Fiona Maxwell

Senior Correspondent

Fiona Maxwell is a financial services senior correspondent at MLex in London. She began her career as a reporter for, writing about EU post-crisis regulation, and later worked for POLITICO in Brussels, covering the intersect between financial policy and politics. Prior to joining MLex, Fiona worked at the Bank of England as a policy adviser in the prudential policy directorate.

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