Crypto assets could threaten market integrity – PRA’s Woods
PRA chief executive issues guidance on risks related to crypto assets
The chief executive of the Bank of England’s Prudential Regulation Authority (PRA) has warned crypto assets could foster misconduct and threaten market integrity.
“In their short history, crypto-assets have exhibited high price volatility and relative illiquidity,” Sam Woods wrote in a letter sent to financial firms today (June 28).
“Many appear vulnerable to fraud and manipulation, as well as money-laundering and terrorist financing risks,” Woods wrote. “Entering into activity related to
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