Andrew Bailey, Governor of the Bank of England (BoE), came to the fore with his striking statements about Bitcoin (BTC) and cryptocurrencies.
Bank of England Governor Andrew Bailey once again made harsh statements against cryptocurrencies. London Mansion Housein his speech in bitcoin Andrew Bailey, who uses critical expressions about cryptocurrencies, especially about such assets, highly speculative accused of being
in the description stablecoins Bailey, who is also not overlooked, Tether (USDT) And USD Coin (USDC) He also stated that stablecoins, such as stablecoins, do not meet safe money standards. Bailey emphasized that not all cryptocurrencies have the status of money.
Although Bailey is a part of the cryptocurrency industry, in the ascension phase although he admits that large liquidity of traditional finance suggested that it would not flow into this industry.
The president’s statements targeting cryptocurrencies are not the first. Andrew Bailey has said that cryptocurrencies have been extremely popular in the past. unreliable He has stated many times that he has a lot of money and in one of his interviews, people who have investments in cryptocurrencies that they could lose everything had expressed.