Sentences with phrase «rest of the financial system»
«The time has come to hold the crypto - asset ecosystem to the same standards as the rest of the financial system,» Carney said in a speech.
cnbc.com
Our preliminary assessment is that, given their still - small footprint and limited links to the rest of the financial system, crypto - assets do not pose an immediate danger.
In a speech to the Scottish Economics conference, Carney said a «global speculative mania» has «encouraged a proliferation of new cryptocurrencies» and said they should be held to the «same standards» as the rest of the financial system.
Investors were keeping a close eye on the market for United States Treasury bonds, one of the most heavily traded markets in the world and a benchmark for the rest of the financial system.
Other market participants have worried that Bitcoin futures could spread the risks of Bitcoin into the rest of the financial system.
The BOE Governor has called for cryptocurrencies to be governed by the same standards that currently guide the rest of the financial system.
«Their small size, and the fact that they are not substitutes for currency and with very limited use for real economy and financial transactions, has meant the linkages to the rest of the financial system are limited.»
Abbott's opinion echoes the statement made today by Mark Carney, Governor of the Bank of England, about the need to hold Bitcoin and other cryptocurrencies to the «same standards,» as the rest of the financial system.
BoE Governor Mark Carney has called for the authorities to regulate cryptocurrencies and hold them to the same standards as the rest of the financial system.
He recommended that the cryptoasset ecosystem should be held to the same standards as the rest of the financial system.
The objective is to create a firewall for depositors, and the rest of the financial system.
The money you earn hourly, or on your salary, is the engine by which you power the rest of your financial system.
Mr Carney noted: «The time has come to hold the crypto asset ecosystem to the same standards as the rest of the financial system.
He noted that their connection to the rest of the financial system is limited given that they are small in size and can not be substitute for the ordinary currency.
«Their small size, and the fact that they are not substitutes for currency and with very limited use for real economy and financial transactions, has meant the linkages to the rest of the financial system are limited,» he said.
BoE governor Mark Carney says the time has come to incorporate the crypto ecosystem into the rest of the financial system and hold both to the...
The time has come to hold the crypto - asset ecosystem to the same standards as the rest of the financial system,» Governor Carney advised.
Abbott's opinion echoes the statement made today by Mark Carney, Governor of the Bank of England, about the need to hold Bitcoin and other cryptocurrencies to the «same standards,» as the rest of the financial system.