Cryptocurrencies
Cryptocurrencies Not Good Medium for Payments, BOE Chief Says
- Governor Andrew Bailey takes a fresh swipe at digital tokens
- Warns buyers of coins are at risk of losing all their money
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Bank of England Governor Andrew Bailey warned against using cryptocurrencies for payments, taking another swipe at digital tokens.
“They fluctuate in value substantially,” he told a virtual conference on Monday. “Which is why they’re on the whole not a good medium for making payments.”