No, Bank of England, Crypto Is Not the Same as Subprime Mortgage Debt

No, Bank of England, Crypto Is Not the Same as Subprime Mortgage Debt
This episode is sponsored by NYDIG.Download this episodeToday on “The Breakdown,” NLW takes a deep dive into a recent speech by Sir Jon Cunliffe, the Bank of England’s Deputy Governor, Financial Stability. The speech was called “Is ‘crypto’ a financial stability risk?” NLW explores the four reasons Cunliffe is concerned about the potential for crypto to grow into a systemic financial risk. He argues that ultimately the focus on digital assets is a distraction from the real problem: opaque institutions in the traditional financial system.See also: If Crypto Causes ‘Instability,’ It’s Because the System Is Unstable“The Breakdown” is written, produced…