Bank of England governor issues crypto investment warning
England’s central bank warns crypto investors to be wary of the risks associated with buying cryptocurrencies. Andrew Bailey, governor of the Bank of England has warned crypto investors of the dangers of participating in the market.Speaking during a conference on Thursday, Bailey balked at the notion of “cryptocurrencies,” stating that "crypto assets" was a more suitable nomenclature for describing virtual currencies.The BoE governor espoused well-worn anti-crypto rhetoric, specifically the argument that cryptocurrencies lacked intrinsic value. “I would only emphasise what I've said quite....
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The governor of the Bank of England, Andrew Bailey, has reiterated his warning about cryptocurrency investing after U.S. crypto lender Celsius abruptly froze withdrawals. He stressed that investors should be prepared to lose all their money, emphasizing that crypto has no intrinsic value.
Bank of England’s Governor Warns About Cryptocurrency Following Celsius’ Withdrawal Freeze
Bank of England (BOE) Governor Andrew Bailey reiterated his concerns about cryptocurrency investing to the British parliament’s Public Accounts Committee Monday.
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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 Crypto Helping Criminal Activities The governor of the Bank of England, Andrew Bailey, said during an online question-and-answer session organized by the British central bank that the rise of cryptocurrency is helping illegal activities. He was quoted as saying: The advent of digital means of payment, and in particular crypto assets, I’m afraid that the evidence suggests … that....
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 (IMF) against bitcoin’s use as legal tender, the governor said: “What would worry me most of all is, do the citizens of El Salvador understand the nature and volatility of the currency they have.”
Bank of England’s Governor Is Concerned About Bitcoin Being Legal Tender in El Salvador
Bank of England (BOE) Governor Andrew Bailey raised concerns....
Bank of England’s deputy governor for financial stability, Sir Jon Cunliffe, has warned of hard times ahead for cryptocurrency investors as the Federal Reserve and other central banks tighten monetary policy. Bank of England’s Executive Warns About Crypto Sir Jon Cunliffe, deputy governor for financial stability at the Bank of England (BOE), had a warning for crypto investors at a Wall Street Journal conference Tuesday, Reuters reported. The Bank of England executive cautioned that crypto investors should expect more difficult times ahead. He explained that as the Federal....
Bitcoin’s intrinsic value has been heavily discussed in the crypto community this week following a remark by the governor of the Bank of England suggesting that the cryptocurrency may have no intrinsic value. Does Bitcoin Have Intrinsic Value? Bank of England Governor Andrew Bailey talked about bitcoin’s intrinsic value during a question and answer session with members of the public early this week. “I have to be honest, it is hard to see that bitcoin has what we tend to call intrinsic value,” he was quoted by Reuters as saying. “It may have extrinsic value in....