Carney Says Cryptocurrencies Must Meet `Rigorous Standards'

The video discusses the growing interest in cryptoassets among policymakers, highlighting the risks and issues they pose, such as consumer protection, market integrity, and illicit activities. Despite their small size relative to the financial system, cryptoassets are seen as risky due to price volatility and market manipulation. Authorities face decisions on whether to isolate, regulate, or integrate these assets. The video suggests regulation to combat illicit activities and promote market integrity. It emphasizes the need for cryptoasset exchanges to meet the same standards as other financial institutions, ensuring investor protection and financial stability.

In what ways do authorities need to decide on the future of crypto assets?

What is the author's view on the future of crypto assets in digital wallets?

What impact could bringing crypto assets into the regulatory framework have?