Cryptocurrencies inherently risky and fail most basic function as money,says Mark CarneyThe Bank of England has warned that bitcoin faces a regulatory crackdown, warning that “inherently risky” cryptocurrencies are failing to fulfil their most basic function as money. Mark Carney, or the Bank’s governor,used a speech in London on Friday to attack a situation of “anarchy” in the trading of cryptocurrencies, with the market having grown rapidly on unregulated exchanges. He said the time had arrive to regulate elements of the crypto-asset ecosystem to combat illicit activities”. Continue reading...
Source: guardian.co.uk