ETHERLive delivers real-time price and volume data across 16+ exchanges to users in a clear and easy-to-understand package. Users can get up-to-the-second updates for each exchange/currency pair, as well as aggregated market averages for each exchange, currency, and the market as a whole. It also provides a global converted average of all the currency pairs monitored by ETHNews, converted to USD.


24hr ---

The Basics

Learn the basics of Ethereum and various cryptocurrency technologies

Learn More

What is Ethereum?

Understand the underlying principles of the Ethereum Platform

Learn More

The Blockchain

Discover the revolutionizing technology known as the blockchain

Learn More

Press Release

Submit a press release for consideration on ETHNews

Submit Press

Story / Dapp

Submit a story or DAPP to be considered for publication on ETHNews.

Submit Story


Submit "Ethereum Explainer" content for consideration to be featured on ETHNews

Submit Topic
ETHNews Logo
Ether Price Analysis
Contact Us

Beware Crypto-Asset Exposure And Volatility, Says BoE’s Prudential Regulation Authority



De Silva

Mind the gap between expectations and reality.

"In their short history, crypto-assets have exhibited high price volatility and relative illiquidity," wrote Sam Woods, deputy governor of the Bank of England's Prudential Regulation Authority, on Thursday. "Crypto-assets also raise concerns related to misconduct and market integrity – many appear vulnerable to fraud and manipulation, as well as money-laundering and terrorist financing risks. Entering into activity related to crypto-assets may [also give] rise to reputational risks."

The civil servant brought up a myriad of concerns related to cryptocurrencies and blockchain-based assets in a letter to CEOs of banks, insurance companies, and designated investment firms. Woods continued:

"I remind you of your firm's responsibilities under the PRA's Fundamental Rules 3, 5 and 7 to: (i) act in a prudent manner; (ii) have effective risk strategies and risk management systems; and (iii) deal with regulators in an open and co-operative way, and disclose appropriately anything relating to your firm of which we would reasonably expect notice."

His cautionary note about crypto-assets emphasized the importance of oversight by senior management and instructed that "firms' remuneration policies and practices … do not encourage excessive risk-taking."

Woods also noted that "Although classification will depend on the precise features of the asset, crypto-assets should not be considered as currency for prudential purposes."

Matthew De Silva

Matthew has a passion for law and technology. He graduated from Georgetown University, where he studied international economics and music. Matthew enjoys biking and listening to tech podcasts. He lives in Los Angeles.

ETHNews is committed to its Editorial Policy

Like what you read? Follow us on Twitter @ETHNews_ to receive the latest crypto-asset, Bank of England or other Ethereum business and finance news.