Sector Regulation Sector Regulation

Financial institutions must prove they've factored in crypto risks, UK regulator says

By Fiona Maxwell
  • 06 Sep 2021 05:51
  • 06 Sep 2021 05:51
Any financial institutions exposed to cryptocurrency-based assets must be able to prove how they have addressed potential risks from the unregulated tokens, the UK financial markets watchdog's chairman said today.

Charles Randell warned of the risk of contagion of banks and other financial institutions that have invested in digital currencies or are exposed

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