No, Bank of England, Crypto is Not the Same as Subprime Mortgage Debt
The Breakdown
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The Inherents of Crypto Assets Are Not the Primary Issue to Be Dealing With
The focus on the intrinsics of crypto assets is ultimately distracting from the real culprit, which is institutional transparency an leverage. We've already seen the start of a down shift in leverage available from exchanges and that's likely to increase as they fit further into public policy frameworks. This is something that regulators could lean into if they weren't distracted larping like they understood the dynamics of crypto volatility.
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