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Sir Jon Cunlife, governor of the Bank of England, said that the collapse of the FTX trading center exposed the vulnerability of crypto assets.

In an interview with Sky News, Sir Canliff indicated that over the past decade, encryption assets have been in a regulatory vacuum.

"What I think (the collapse of FTX) said to you is that in the past 10 years, there have been many theme activities in the transaction and sales of crypto assets. Assets with no real value are very unstable. All these have developed outside of the regulation."

According to Sir Cunlife, the regulation will protect crypto investors and investors from being damaged by FTX's suspected wrongdoing.

"What you see in FTX is my opinion, which is under investigation. I don't know what's going on inside.

But what we seem to see is that some theme activities appear in an unregulated unit, and such activities should be protected and supervised in the regulated financial market department.

Later, we can see that the customer's money seems to have disappeared, and profit transmission appears in different business processes.

Clarity, audit and financial accounting, which may be very boring in the conventional financial market department, have not completely occurred in a series of processes here. As a result, I think a lot of people hurt a lot of money. "

According to Sir Cunlife, the investment in BTC (BTC) and other cryptographic assets should be regulated, so as to provide potential investors with sufficient information and let them know their own situation.

"Investing in crypto assets such as Bitcoin is a very speculative theme activity. Their value is likely to increase, but it may decrease

I think if everyone goes to such a thing. They need to know what they are doing and what they are actually using. This is not a safety project investment, and you can easily invest your money for a period of time. I think this is obviously a gamble.

But we allow everyone to bet. If you want to participate, you should have the strength to bet in a regulated area. Just like you bet money in a gambling hall, they are also supervised.

You should have all the information about what you are doing. "

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