Bitcoin and other cryptocurrencies fell sharply as investors dump risk assets

A crypto lending company called Celsius is pausing withdrawals for its customers, sparking fears of contagion into the broader market

Regulators need to “get on with the job” of bringing the use of crypto technologies within the “regulatory perimeter,” says Jon Cunliffe

Finance carries inherent risks, and while technology can change the way risks are managed and distributed, it cannot eliminate them

Bitcoin has fallen more than 70% from its record high hit in November and was trading below $20,000 on Wednesday

Cryptocurrencies may not be “integrated enough” into the rest of the financial system to be an “immediate systemic risk

Regulators have increasingly been sounding the alarm about crypto, and Cunliffe said the extension of a regulatory framework

Innovators, regulators and public authorities have an interest in developing appropriate regulation and managing risks, he said