Carney warns of global clampdown on Bitcoin

Price moves have been 'remarkable'

clock • 3 min read

Bank of England Governor Mark Carney has said regulators around the world will start examining digital currencies, such as Bitcoin, as bubble concerns grow.

Carney (pictured) said Bitcoin and other cryptocurrencies will come under the scrutiny of global regulators, shortly after America's largest digital currency exchange said it would be investigating potential insider trading, according to The Times. The governor said the "scale of growth" of Bitcoin over the past year would prompt regulators to scrutinise digital currencies, amid concerns about a speculative bubble. The value of Bitcoin, the world's most popular digital currency, has shot up from just under $1,000 at the start of the year to almost $20,000. Charles Laing: To what ex...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Regulation

FCA acknowledges investment trust platform clash and proposes changes in call for wider CCI input

FCA acknowledges investment trust platform clash and proposes changes in call for wider CCI input

Final rules outlined in 2025

Eve Maddock-Jones
clock 19 December 2024 • 6 min read
WealthTek boss John Dance charged with £64m fraud and money laundering

WealthTek boss John Dance charged with £64m fraud and money laundering

‘One of the most serious and largest frauds’ ever investigated by FCA

Jenna Brown
clock 19 December 2024 • 2 min read
Number of financial firms failed by FSCS increases in October and November

Number of financial firms failed by FSCS increases in October and November

Including Charterhouse and Advice & Wealth Management Solutions

Isabel Baxter
clock 18 December 2024 • 2 min read