Published 3 years ago

Existing cryptocurrencies unlikely to last, says BoE's Bailey

Summary by Reuters

LONDON - No existing cryptocurrency has a structure that is likely to allow it to last over the long term, Bank of England Governor Andrew Bailey said on Monday at an online discussion hosted by the Davos-based World Economic Forum. "Have we landed on what I would call the design, governance and arrangements for what I might call a lasting digital currency? No, I don't think we're there

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Reuters

Existing cryptocurrencies unlikely to last, says BoE's Bailey

3 years ago·United Kingdom

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Financial Post

Current cryptocurrencies unlikely to last, Bank of England governor says

LONDON -- No existing cryptocurrency has a structure that is likely to allow it to work as a means of payment over the long term, Bank of England Governor Andrew Bailey told an online forum hosted by the Davos-based World Economic Forum on Monday. Read More

3 years ago·Canada

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