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Crypto Assets Poorly Understood by Retail Investors, BOE Says

  • Digital currency risk not spreading to financial markets
  • Official spearheading a global move to regulate crypto assets
Jon Cunliffe
Jon CunliffePhotographer: Chris Ratcliffe/Bloomberg

Most retail investors who have put money into digital currencies probably don’t understand exactly what they bought or the risks involved, a Bank of England official said.

Jon Cunliffe, deputy governor for the UK central bank, stepped up his call for authorities to regulate cryptoassets to ensure the market is stable and transparent.