UK Central Bank Warns Financial Institutions on Cryptocurrency Risks

The Bank of England’s Prudential Regulation Authority [PRA] reminded CEOs of financial institutions about potential pitfalls in getting involved with cryptocurrencies, cautioning how activity with crypto-assets could lead to “reputation risks.” In a letter dated June 28th [PDF] to CEOs of banks, insurance companies, and designated investment firms, PRA Deputy Governor Sam Woods instructs company

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