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."π―π
Υ 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.π
π΄π―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.π
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.πΆπ·π
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".
Υ " consider that if you had invested Β£ 1,000 student loan in bitcoin last year to pay your living expenses for the next year, you would have received about Β£ 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.
