BOE’s Carney sees need for better crypto markets regulation

BOE Governor Carney is out on the wires now, via Reuters, making his scheduled speech on the cryptocurrencies.

Key Points:

Favours cryptocurrency regulation to combat illicit activity, fraud.

Cryptocurrencies failing in role of money.

FSB will report to G20 this month on stability issues.

Cryptocurrencies not material financial stability risk.

Isolating them may not be the best option.

Sees need for better regulation.