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BoE’s Bailey: Have Not Found Design For A Lasting Digital Currency, Cryptocurrencies 'Are Not It'
Summary: Andrew Bailey, the Governor of the Bank of England commented on crypto in today's Davos-based World Economic Forum. Bailey said that cryptocurrencies will not be lasting and digital innovations in payment should stay in the current situation, he mentioned: "Have we landed on what I would call the design, governance, and arrangements for what I might ...
Andrew Bailey, the Governor of the Bank of England commented on crypto in today's Davos-based World Economic Forum.
Bailey said that cryptocurrencies will not be lasting and digital innovations in payment should stay in the current situation, he mentioned: "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 yet, honestly. I don’t think cryptocurrencies as originally formulated are it."
By Mary Liu
Tags: Andrew Bailey,Bank of England,Cryptocurrency,Digital Currency
Link: BoE’s Bailey: Have Not Found Design For A Lasting Digital Currency, Cryptocurrencies 'Are Not It' [Copy]
