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Crypto and Stablecoins Are Not Money, Says Bank of England Governor in Favor of 'Enhanced Digital Money'

Andrew Bailey, Governor of the Bank of England (BoE), reiterated his stance against cryptocurrencies, during his recent speech at the Mansion House in London. Bailey, who previously voiced concerns about the speculative...

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Crypto and Stablecoins Are Not Money, Says Bank of England Governor in Favor of 'Enhanced Digital Money'
Andrew Bailey, Governor of the Bank of England (BoE), reiterated his stance against cryptocurrencies, during his recent speech at the Mansion House in London.
Bailey, who previously voiced concerns about the speculative nature of cryptocurrencies, said on Monday that Bitcoin has “no intrinsic value and it's highly volatile.” He also noted that crypto assets such as Bitcoin (BTC) are “best treated as extremely speculative investments.”...
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