Bank Of England Calls For Stricter Crypto Regulations As Crypto Markets Reel Under Pressure The Bank of England has called for stricter measures to prevent financial risks posed by digital assets even as the global cryptocurrency industry market cap gets slashed by over half. According to a “financial stability report” by the Financial Policy Committee (FPC) published Tuesday, the top bank noted that the ongoing storm had proven that the crypto sphere was still exposed to vulnerabilities rendering it an extremely risky industry. Although most of these vulnerabilities were similar to those facing more traditional parts of the financial system, the bank also noted the increasing risk posed by stablecoins, which are particularly unique.