Bank of England: Digital currencies pose a threat to the economy

UK Central Bank Governor Andrew Bailey has a negative view of bitcoin and other cryptocurrencies.
Back in 2020, he said that the use of BTC as a means of payment poses a threat to the stability of the financial sector. In his opinion, cryptocurrency has no value and grows in value only by attracting new buyers.
Bailey this week reiterated his position and refused to include cryptocurrencies in the category of cash.

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