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FTX Bankruptcy: US Prosecutors Began Probing Crypto Exchange Months Before Collapse: Report
FTX was being probed by US federal prosecutors months before the crypto exchange collapsed earlier this month, according to a report. The beleaguered crypto exchange filed for US bankruptcy protection and its founder Sam Bankman-Fried resigned as chief executive, after rival exchange Binance walked away from a proposed acquisition. The implosion of...
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FTX Crisis Explains Need to Bring Crypto World Within Regulatory Framework: Bank of England
FTX implosion has explained the need to bring the crypto world within the regulatory framework, Bank of England Deputy Governor Jon Cunliffe said on Monday. He added that FTX's woes highlighted the need for regulators to put in place tighter controls as quickly as possible. Currently, crypto firms in Britain only have to show they can put in place ...
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Bitcoin Not Practical as Payment Mode, Says British Central Bank Governor Andrew Bailey
Andrew Bailey, the 63-year-old governor of the Bank of England (BoE) has dismissed Bitcoin as an everyday payment alternative. According to Bailey, Bitcoin can serve as a commodity to be owned, but not as a mode of making daily payments. The BoE chief made his statements while speaking on the Jobs of the Future podcast this week.
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More Tough Times Ahead For Cryptos, Warns Bank Of England's Policymaker
Investors in crypto currencies should expect more difficult times ahead as tightening financial conditions around the world stoke appetite for safer assets, Bank of England Deputy Governor Jon Cunliffe said on Tuesday.
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Bank of England’s Governor Expresses Concerns on El Salvador’s Bitcoin Legalisation
BoE chief Andrew Bailey has expressed concerns regarding the volatility of the crypto market and has questioned if Salvadorans are even aware of the risks.
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Crypto Collapse Could Result in Global Financial Crisis, Claims Bank of England Executive
The deputy governor of the Bank of England, Jon Cunliffe, has called for regulators to urgently set standard rules for cryptocurrency markets. He made a direct comparison between the growing popularity in cryptocurrency and the US market boom in sub-market mortgages, which gravely intensified the global economic crisis of 2008.
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Britain To Front-Run Capital Rules On Cryptoassets If Necessary: Bank Of England
Bank of England Deputy Governor Sam Woods said he would front-run global rules if necessary to avoid Britain's banks building up big exposures to cryptoassets that were not backed by sufficient capital.
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Google Plans to Clamp Down on Online Financial Scams on Its Platform in Britain
Google on Wednesday announced that all financial services will need to be verified by the regulator before they can advertise on its platform in an effort to check on online financial scams.
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UK Will Not Appoint New Central Bank Chief Before Election, Says Official
Britain's government will not name a successor to Bank of England Governor Mark Carney before a national election due on December 12, a finance ministry official said.
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Raghuram Rajan Explains Why He Didn't Apply For Bank Of England Job
Former Reserve Bank of India governor Raghuram Rajan has indicated the political challenges posed by Brexit were the reasons he didn't apply to head up the Bank of England.
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Britain Starts Search For Next Bank Of England Governor
Britain's finance minister Philip Hammond began the search for a new governor of the Bank of England on Wednesday, seeking someone to help steer the world's fifth-biggest economy, and its global financial centre, through the upheaval of Brexit.
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Bank Of England Governor Mark Carney's Term Extended
Deputy Governor Jon Cunliffe will serve a second five-year term until October 2023.
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Risk Of No-Deal Brexit 'Uncomfortably High': Bank of England
Bank of England Governor Mark Carney on Friday warned that the possibility of a no-deal Brexit was "uncomfortably high" and "highly undesirable" but still "unlikely".
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"I Am Very Happy Where I Am": Raghuram Rajan Won't Apply For Bank Of England Top Job
Raghuram Rajan has been mentioned by analysts as a possible future BoE governor after Mark Carney.
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Raghuram Rajan Says Won't Apply For Top Job At Bank Of England
Former Reserve Bank of India chief Raghuram Rajan said on Wednesday he did not intend to apply for the job of Bank of England governor which is due to come vacant next year.
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FTX Bankruptcy: US Prosecutors Began Probing Crypto Exchange Months Before Collapse: Report
FTX was being probed by US federal prosecutors months before the crypto exchange collapsed earlier this month, according to a report. The beleaguered crypto exchange filed for US bankruptcy protection and its founder Sam Bankman-Fried resigned as chief executive, after rival exchange Binance walked away from a proposed acquisition. The implosion of...
-
FTX Crisis Explains Need to Bring Crypto World Within Regulatory Framework: Bank of England
FTX implosion has explained the need to bring the crypto world within the regulatory framework, Bank of England Deputy Governor Jon Cunliffe said on Monday. He added that FTX's woes highlighted the need for regulators to put in place tighter controls as quickly as possible. Currently, crypto firms in Britain only have to show they can put in place ...
-
Bitcoin Not Practical as Payment Mode, Says British Central Bank Governor Andrew Bailey
Andrew Bailey, the 63-year-old governor of the Bank of England (BoE) has dismissed Bitcoin as an everyday payment alternative. According to Bailey, Bitcoin can serve as a commodity to be owned, but not as a mode of making daily payments. The BoE chief made his statements while speaking on the Jobs of the Future podcast this week.
-
More Tough Times Ahead For Cryptos, Warns Bank Of England's Policymaker
Investors in crypto currencies should expect more difficult times ahead as tightening financial conditions around the world stoke appetite for safer assets, Bank of England Deputy Governor Jon Cunliffe said on Tuesday.
-
Bank of England’s Governor Expresses Concerns on El Salvador’s Bitcoin Legalisation
BoE chief Andrew Bailey has expressed concerns regarding the volatility of the crypto market and has questioned if Salvadorans are even aware of the risks.
-
Crypto Collapse Could Result in Global Financial Crisis, Claims Bank of England Executive
The deputy governor of the Bank of England, Jon Cunliffe, has called for regulators to urgently set standard rules for cryptocurrency markets. He made a direct comparison between the growing popularity in cryptocurrency and the US market boom in sub-market mortgages, which gravely intensified the global economic crisis of 2008.
-
Britain To Front-Run Capital Rules On Cryptoassets If Necessary: Bank Of England
Bank of England Deputy Governor Sam Woods said he would front-run global rules if necessary to avoid Britain's banks building up big exposures to cryptoassets that were not backed by sufficient capital.
-
Google Plans to Clamp Down on Online Financial Scams on Its Platform in Britain
Google on Wednesday announced that all financial services will need to be verified by the regulator before they can advertise on its platform in an effort to check on online financial scams.
-
UK Will Not Appoint New Central Bank Chief Before Election, Says Official
Britain's government will not name a successor to Bank of England Governor Mark Carney before a national election due on December 12, a finance ministry official said.
-
Raghuram Rajan Explains Why He Didn't Apply For Bank Of England Job
Former Reserve Bank of India governor Raghuram Rajan has indicated the political challenges posed by Brexit were the reasons he didn't apply to head up the Bank of England.
-
Britain Starts Search For Next Bank Of England Governor
Britain's finance minister Philip Hammond began the search for a new governor of the Bank of England on Wednesday, seeking someone to help steer the world's fifth-biggest economy, and its global financial centre, through the upheaval of Brexit.
-
Bank Of England Governor Mark Carney's Term Extended
Deputy Governor Jon Cunliffe will serve a second five-year term until October 2023.
-
Risk Of No-Deal Brexit 'Uncomfortably High': Bank of England
Bank of England Governor Mark Carney on Friday warned that the possibility of a no-deal Brexit was "uncomfortably high" and "highly undesirable" but still "unlikely".
-
"I Am Very Happy Where I Am": Raghuram Rajan Won't Apply For Bank Of England Top Job
Raghuram Rajan has been mentioned by analysts as a possible future BoE governor after Mark Carney.
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Raghuram Rajan Says Won't Apply For Top Job At Bank Of England
Former Reserve Bank of India chief Raghuram Rajan said on Wednesday he did not intend to apply for the job of Bank of England governor which is due to come vacant next year.
