Fintech

Crypto technology could bolster capital markets, BoE’s Cunliffe says

The deputy governor noted both the opportunities and risks of using the technology that underpins crypto in existing capital markets

‘We should not classify new ways of doing things as dangerous simply because they are different,’ says Sir Jon Cunliffe
‘We should not classify new ways of doing things as dangerous simply because they are different,’ says Sir Jon Cunliffe Photo: Jason Alden/Getty Images

The technology that underpins crypto could help bolster traditional capital markets, according to the Bank of England.

“The greater impact on the financial system may well come from the transfer of technologies developed in the crypto world to the ‘real’ world,” deputy governor Sir Jon Cunliffe told an Association for Financial Markets in Europe conference on 28 September.

WSJ Logo