Bank of England’s Governor: Crypto Industry Should be Held to the Standard as the Financial System

Addressing the inaugural Scottish Economics Conference, at Edinburgh University, via a video link, Mark Carney said that authorities need to decide whether to ‘isolate, regulate or integrate crypto-assets and their associated activities.’ In his opinion, though, rather than banning them like China has done, a better approach would be to ‘regulate elements of the crypto-asset ecosystem’ to tackle illegal activities, protect the financial system, and promote the market’s integrity.