BOE's Bailey: Any launch of central bank cryptocurrency requires careful consideration

Author: Adam Button | Category: Cryptocurrency

Comments from the Bank of England leader on cryptocurrencies:

  • Crypto assets are unsuited to the world of payments
  • Stablecoins could offer some useful benefits for making payments
  • Need to set standards to avoid playing catch-up with innovation in payments
This is all very vague. Meanwhile, Bitcoin is having a touch day, down $482 to $10,890.

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