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Crypto: a regulatory headache

The BoE’s deputy governor has said crypto isn't 'over'. But if it's here to stay, how do we regulate it?
Crypto: a regulatory headache
  • Early online firms collapsed as the dotcom bubble burst. The same technology now dominates the internet retail landscape 
  • Crypto has seen several major collapses recently, with investors losing billions

The brutal ‘crypto winter’ has taken the shine off the cryptocurrency market. Bitcoin is down two thirds from its peak, stablecoins have come untethered from their dollar pegs, and last week, crypto lender Celsius Network filed for bankruptcy, having effectively faced a modern-day bank run, most likely resulting in the equivalent of customers losing billions of dollars.

 

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