A senior Bank of England official has called for tough regulation of the cryptocurrency sector following last week’s collapse FTX.

speaking at a Warwick Business School At Monday’s conference, Assistant Governor for Financial Stability Jon Cunliffe said last year’s events – including FTX’s implosion – proved that crypto is “not a stable ecosystem.”

Calling FTX “probably the biggest and certainly the most spectacular” failure yet, he continued: “Crypto institutions on the…

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