In a speech yesterday, deputy governor Sir Jon Cunliffe said: “ The financial crisis showed us, you don’t have to account for a large proportion of the financial sector to trigger financial stability problems.” He believes a collapse in the price of cryptocurrencies to as low as zero is" certainly a plausible scenario"-and that this would prompt" a possibility of contagion" across the world's finance sector. Comparing the crypto crash with other financial meltdowns, he reminded us in a speech at
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2021-10-14 00:00:00.0