The Bank of England has cautiously endorsed cryptocurrency technology and outlined a framework for banks that want to invest in crypto-assets. Sam Woods, a deputy governor at the Bank of England and head of the Prudential Regulation Authority, one of Britain’s key financial watchdogs, wrote a letter on Thursday to CEOs of banks, insurance companies, and investment firms titled “Existing or planned exposure to crypto-assets.”

Woods did not ban nor caution against firms investing in crypto assets and in fact wrote: “We Read more from businessinsider.com…

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