"Banks will have to adjust" to crypto, says Bank of England leader
Jon Cunliffe, one of the leaders of England's central bank, said banks must adapt to the changes brought on by digital assets. Blockchain and digital assets offer folks the ability to store their own assets, possibly threatening the solution banks offer. Making sure banks remain relevant is not on England's central bank to-do list, however, according to the Bank of England's deputy governor Jon Cunliffe.“Our job is not to protect bank business models,” Cunliffe said, as reported by a Friday Reuters brief. “Banks will have to adjust," he added. "Our job is to ensure that if bank business....
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