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BOE Says Crypto Needs Tougher Rules After $2 Trillion Drop

The market capitalization of digital assets has tumbled to about $900 billion.

The market capitalization of digital assets has tumbled to about $900 billion.

Photographer: Milan Jaros/Bloomberg
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The Bank of England said a $2 trillion plunge in the value of cryptoassets underscores vulnerabilities in the market and the need for tougher law enforcement and regulation.