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Sarah Breeden, Incoming Bank of England Deputy Governor, Reiterates Crypto Risks, Supports CBDC at Treasury Committee

"Crypto is an asset that has no intrinsic value, whose price could go to zero and therefore investors should be prepared to lose all of their money," Breeden said. "That megaphone about the risks in it has been consistent and very clear. However, that technology, I think has got the

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Sarah Breeden, CBDC Working Group Member, Appointed Bank of England Deputy Governor

Breeden, who was on the BoE's Central Bank Digital Currency task force, will officially take over Cunliffes role on Nov. 1, 2023, where she will sit on the financial policy, monetary policy and the prudential regulation committees and "play a key role in providing a link between financial stability and

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