Deputy Governor of the Bank of England: The crypto industry currently does not pose a significant risk to financial stability, but this may not be the case in the future

Odaily Planet Daily reported that Sarah Breeden, the incoming deputy governor of the Bank of England (BOE), said that the encryption industry does not pose major risks to financial stability for the time being, but if its connection with the financial world deepens further, especially when stablecoins are used for payments , which may pose a significant risk. It is reported that Sarah Breeden has worked for the BOE for a long time. She will help guide the UK to formulate regulatory encryption methods and play a role in deciding whether to issue a central bank digital currency (CBDC). Breeden supports CBDC, arguing that it “will become the anchor for all currencies in the digital world.” (CoinDesk)