Jon Cunliffe, Deputy Governor of the Bank of England, was the latest to compare the dot-com bubble with the current cryptocurrency crash.
Regulators say it is now that the world needs to be prepared for crypto risk.
The risks from the $2.6 trillion crypto-market could quickly grow and regulators will need to have pre-prepared measures in place to bring the sector to heel, according to the Financial
Bank of England warns about crypto-currency risk
The rapid growth of crypto-currency assets could be a threat to the established financial system, according to a senior Bank of England official.
The Bank of England has more plans for its own crypto “Britcoin”
Bitcoin prices reached a new record high after the Bank of England set a date for the launch of its own cryptocurrency.