Crypto has ‘serious deficiencies in governance’, warns Bank of England official

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By Charlie Conchie A Bank of England official warned there are “serious deficiencies in governance” in the crypto ecosystem today as she laid out a vision for the industry to win back trust from investors. Carolyn Wilkins, a member of the Bank’s financial policy committee, told a conference that the crypto industry risked being overtaken by traditional finance players rolling out blockchain technologies, and said the sector should learn from the governance of regulated finance firms to recover faith from investors. Trust has evaporated in the industry as billions of pounds have been wiped off …

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