BoE Deputy Governor Jon Cunliffe Sheds Insights on Crypto Regulations Amidst Crypto Winter
As the crypto winter continues to bite, with widespread collapse in crypto assets valuations and high-profile firm failures, the need for robust crypto regulations is more urgent than ever. Bank of England (BoE) Deputy Governor, Jon Cunliffe, has been a prominent voice in this discussion, consistently emphasizing the importance of bringing the crypto world within a clear regulatory framework.
Speaking at various events, Jon Cunliffe, the Deputy Governor for Financial Stability at the Bank of England, has addressed the “Crypto Winter”, financial risk in the sector, and regulation. He drew four crucial lessons from the recent turmoil, emphasizing that regulators need to “get on with the job” of bringing the use of crypto technologies within the “regulatory perimeter.”
Cunliffe stated that regulating digital assets will ultimately benefit the financial industry. He highlighted that the implosion of cryptocurrency exchange FTX vividly demonstrates the necessity of incorporating the crypto world into a defined regulatory structure. He advocated for a "same risk, same regulation" principle to guide the development of cryptocurrency rules, ensuring that similar activities are treated similarly regardless of the underlying technology.
While Sarah Breeden, who replaces Jon Cunliffe as deputy governor of financial stability at the Bank of England on Nov. 1 (12 de sept. de 2025), highlighted the risks posed by cryptocurrencies, the Bank of England under Cunliffe\'s leadership has consistently pushed for proactive regulatory measures. Even with the incoming deputy governor suggesting crypto doesn\'t *yet* pose a significant systemic risk (13 de sept. de 2025), the momentum for regulation, driven in part by Cunliffe\'s insights, remains strong.
Cunliffe\'s long-standing concerns regarding the risks posed by decentralized finance have underscored the need for vigilance and proactive regulatory action. His insights are crucial in shaping the future of crypto regulations and ensuring the stability of the broader financial system.