Bank of England promises to protect crypto investors

Deputy Governor of the Bank of England John Cunliffe said on Sky News that after the crash FTX regulator decided to accelerate the implementation of the mechanism to protect cryptocurrency investors.
To this end, the Central Bank plans to develop a regulatory framework for the industry, which will ensure maximum transparency of operations with digital assets.
Every investor wishing to gain access to virtual currencies should be informed of the risks of investing in an innovative instrument. The protection mechanism for crypto-traders should be the same as that already in place in the traditional stock market.

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