{"id":52597,"date":"2021-10-13T20:42:57","date_gmt":"2021-10-13T16:42:57","guid":{"rendered":"https:\/\/noortrends.ae\/en\/?p=52597"},"modified":"2021-10-13T20:43:03","modified_gmt":"2021-10-13T16:43:03","slug":"boe-crypto-growth-could-create-risk","status":"publish","type":"post","link":"https:\/\/noortrends.ae\/en\/boe-crypto-growth-could-create-risk\/10\/13\/market-updates\/","title":{"rendered":"BoE: Crypto growth could create risk"},"content":{"rendered":"\n<p>Cryptocurrency market is double the size of the sub-prime debt in the U.S. on the eve of the financial crisis posing a threat unless urgently regulated according to the Bank of England.<br><br>Crypto assets are worth $2.3 trillion, about 200% more than at the start of 2021. While that represents a small segment of the $250 trillion global financial system, it is twice as much as the size of the $1.2 trillion sub-prime real estate debt market in 2008.<br><br>\u201cYou don\u2019t have to account for a large proportion of the financial sector to trigger financial stability problems,\u201d BOE Deputy Governor Jon Cunliffe said in a speech on Wednesday.<br><br>Cunliffe warned that when something in the financial system is growing very fast, and growing in largely unregulated space, financial stability authorities have to sit up and take notice.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Cryptocurrency market is double the size of the sub-prime debt in the U.S. on the eve of the financial crisis posing a threat unless urgently regulated according to the Bank of England.Crypto assets are worth $2.3 trillion, about 200% more than at the start of 2021. While that represents a small segment of the $250 &hellip;<\/p>\n","protected":false},"author":13,"featured_media":44550,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[40,36],"tags":[6967,6903,6969,7499],"class_list":["post-52597","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-cryptocurrencies","category-market-updates","tag-boe","tag-cryptocurrencies","tag-growth","tag-regulation-crypto"],"_links":{"self":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/52597","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/users\/13"}],"replies":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/comments?post=52597"}],"version-history":[{"count":2,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/52597\/revisions"}],"predecessor-version":[{"id":52601,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/52597\/revisions\/52601"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media\/44550"}],"wp:attachment":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media?parent=52597"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=52597"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=52597"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}