Mark Carney: Cryptocurrencies Do Not Pose Serious Risks

When it comes to bitcoin and cryptocurrencies, Mark Carney, governor of the Bank of England and chairman of the Financial Stability Board (FSB), is known for being a harsh critic. Though Carney has praised the technology behind cryptocurrency in the past, he has often referred to digital money as a “bubble,” claiming it has failed users and is “no substitute for cash” or credit cards.

“The time has come to hold the crypto-asset ecosystem to the same standards as the rest of the...

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