Bank of England warns crypto could threaten the established financial system

Bank of England warns crypto could threaten the established financial system

Deputy Governor for Financial Stability at the Bank of England (BoE) warned about cryptocurrencies such as Bitcoin rapidly reaching the threshold of mainstream adoption– worried about the ripple effect a sudden price... Read more »
Bank of England Governor Worried About Bitcoin Being Legal Tender in El Salvador

Bank of England Governor Worried About Bitcoin Being Legal Tender in El Salvador

The governor of the Bank of England, the country’s central bank, has voiced concerns about El Salvador choosing bitcoin as a national currency. Citing a recent warning by the International Monetary Fund... Read more »
Bank of England chief expresses concern over El Salvador's Bitcoin experiment

Bank of England chief expresses concern over El Salvador’s Bitcoin experiment

Speaking at the Cambridge University students union on Thursday, Bank of England Chief Andrew Bailey expressed worry for the citizens of El Salvador following the country’s adoption of Bitcoin as legal tender.... Read more »
Bank of England Governor Warns Crypto Is Providing Means of Payment for Criminals

Bank of England Governor Warns Crypto Is Providing Means of Payment for Criminals

Bank of England Governor Andrew Bailey has warned that crypto assets are providing another means of payment for people who want to conduct criminal activity. Bank of England Governor Andrew Bailey Sees... Read more »