EN in his speech at the inaugural Scottish Economic conference in Edinburgh on March 2, the Governor of the Bank of England (boe), mark Carney, urged States to regulate cryptocurrencies, not "prohibit them directly."🗯🔝
Փ according to Karni, cryptocurrencies do not threaten "financial stability" at the moment, but everything can change after more consumers are involved. Carney believes that the time has come to include the cryptocurrency ecosystem in the rest of the financial system, applying the same regulatory approach and the same "strict standards"to it.🔒
🕴🗯Carney believes that this not only minimizes the laundering of money and the risks for consumers, but also help to adapt the technology for wider public use.🌐
After his recent speech at London Regent University, where Carney argued that bitcoin had "failed" as a currency, the Governor of the Central Bank stressed his view that digital currencies such as bitcoin should in fact be treated as assets.🔶🔷👀
Carney noted the huge volatility of these "assets", stressing that cryptocurrencies" demonstrate the classic distinctive features of bubbles", because their prices are based on" beliefs about their future supply and demand", and do not have" internal value " and external support.
Carney expressed his opinion about the cryptocurrency market as a "lottery".
Փ " consider that if you had invested £ 1,000 student loan in bitcoin last year to pay your living expenses for the next year, you would have received about £ 500 right now. If you did the same thing in September of last year, you would win 2,000 pounds. It's a lottery, " Carney said.
First, Carney needs o understand that ppl dont need bitcoin to launder money, ppl have been doing it for a long time without bitcoin.
Second, it is not crypto currencies that threaten "financial stability"; it is banks! Ppl loved crypto currencies in such a short time because they have had enough of banks! Banks are killing themselves and crying out loud accusing crypto currencies.
Third, it is not lottery. This change is huge (and ppl like Carney cant see it or cant accept it) and it is still like beta. Ppl are still learning crypto currencies and blockchain technology, both are at their infancy. Thus, volatility and lottery accusations are vain.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit