The head of the Bank of England is very worried about the owners of bitcoins
He does not believe that military-technical cooperation has its own intrinsic value.
However, he more open to stablecoins and CBDC.
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Bank of England Governor Andrew Bailey calls it a bad idea to use bitcoin to make payments due to its high volatility.
External cost only
According to Reuters, during an open Q&A session, Bailey said he did not see bitcoin nothing that you can It was would be called internal independent cost. It can have only external value in the sense that people want to own it, added chapter English Central Bank.
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Bailey also stated, which is very worried about those who use bitcoin for making payments because him cost is an uncertain concept. Besides addition, he warned, investors should be aware of Tom, what bitcoin rate extremely volatile.
Read the latest Bitcoin forecast can here.
also in his In his speech, the head of the Central Bank was pessimistic about the prospects for the British economy as a whole, calling the risks for it downward. He admitted that it may take more to recover from the crisis provoked by the coronavirus time, than predicted earlier.
“This song is old …”
However, there is nothing in these statements by Bailey new. It already long is an an open bitcoin skeptic. In March of this of the year, before taking office as the new governor of the Bank of England, he made similar statements. As reported then edition BeInCrypto, he also argued that bitcoin has no guarantee of value and that investors in MTC must be prepared to lose everything their money.
As recently as last month, Bailey claimed that cryptocurrencies “Have absolutely nothing to do with money.” On the other hand, the head of the British Central Bank then spoke positively of stablecoins as digital currencies, whose course tied to real assets, such as dollar USA or British pound. Bailey highlighted the useful potential of stablecoins in payments, praising their speed and low fees.
Recall also that, as we said in July, the Bank of England confirmed that it is closely studying the issue of creating its own digital currency Central Bank (CBDC Paper bills and coins may stay in the past due to a new financial instrument – digital currency central banks (CBDC). As of… More), because the digital currency may have big impact on society. However, first, the regulator would like to observe the success of other states in this area.
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