Bank of England Warned Consumers About DeFi Risks Following FTX Collapse - Regulation Coming Soon?

Bank of England (BoE), the UK's central bank, warned consumers about the risks of using decentralized finance (DeFi) protocols shortly after the crypto exchange FTX collapsed. The warning from the central bank was given in a speech by Deputy Governor of the Bank of England, Jon Cunliffe, at an event hosted by Warwick Business School on Monday. In the speech, Cunliffe made a strong case for bringing crypto activities within the regulatory framework....