BOE member Sam Woods with some comments
- Crypto assets have exhibited high price volatility an relative illiquidity
- Many appear vulnerable to fraud and manipulation, and money laundering
- Banks, insurers and funds should have appropriate risk management systems if they invest in crypto assets
- They must have effective risk strategies for dealing with crypto assets
A central banker warning about cryptocurrencies? What else is new, eh?
Meanwhile, today's trading in the crypto space has been a little subdued with Bitcoin virtually flat near the $6,000 to $6,100 levels. The same kind of price action can be observed among the other majors like EOS, Ripple and Ethereum as well.
