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Bank of England guv: Bitcoin, cryptocurrencies are difficult and unsuitable for public use

In a panel discussion with the Brooking Institution, Governor of the Bank of England, Andrew Bailey said that stablecoins, Bitcoin, and other cryptocurrencies are difficult and unsuitable for the public to use for traditional payments as he believed that the majority of the retail public still does not understand the usage of digital currencies. According […]

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Bank of England Still Debating Creation of Central Bank Digital Currency, Says Bailey

Bank of England Still Debating Creation of Central Bank Digital Currency, Says BaileyBank of England (BoE) Governor Andrew Bailey said Monday that the institution is still debating whether it should create a central bank digital currency (CBDC). Speaking at a webinar event, Andrew Bailey admits a CBDC will be a reality in the next few years. He, however, does not provide a time frame of when the […]

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