The financial regulator wants to hire an extra hundred people, the source says, and it needs $419 million for that . It plans to raise the money this year through February of next year. That would be 8% more than it raised in 2021.The BOE has certain concerns that the crypto market, now valued at $1.7 trillion, keeps expanding and is already big enough to disrupt the traditional financial system in hard times. Besides, the regulator intends to keep working on a regulatory basis for stablecoins.
His articles have been quoted by such crypto influencers as Tyler Winklevoss, John McAfee, CZ Binance, Max Keiser, etc.
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