Speaking on the future of financial services
BOEs Bailey speaking on the future financial services and his comments are limited in scope regarding policy or the economy:
- We cannot have eight world where financial innovation gets a free pass to ignore the public interest
- This requires early engagement, something we are seeking to do on digital currency
- There will inevitably be elements of tough love in such a process and some disappointed ambitions
- stablecoins must therefore promise, credibly and consistently, to be fully interchangeable with existing forms of money
Bailey is not a huge fan of crypto
