Bank of England calls for global tightening of crypto regulation

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The Bank of England (BOE) said on Monday that regulatory and legal frameworks for crypto-assets would have to be ramped up both domestically and globally to combat the fast-moving market.

In its December financial stability report and financial policy committee (FPC) meeting minutes, taken on November 29 and December 9, the bank said that changes would "manage risks, encourage sustainable innovation and maintain broader trust and integrity in the financial system." 

While recognizing the benefits of innovation, it said these developments would only be sustainable alongside "effective public policy frameworks." 

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