McDermott Comment | Digital Currencies Could Spark Financial Meltdown, Says Bank Of England Deputy Governor Sir Jon Cunliffe


Arvin Abraham, fintech attorney at law firm McDermott Will & Emery, said:

“Digital assets are rapidly becoming a part of mainstream finance and finding numerous novel uses. Many in the industry welcome regulation, but this needs to be implemented sensibly. The blanket bans adopted in certain countries are overreaching measures that will stymie the path of progress and threaten to destroy an asset class that has the potential to create significant benefits for consumers.”