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3232Stablecoins Cannot Function as Money Because They Have No ‘Assured Value’ — Bank of England Governor
https://www.digit.info/stablecoins-cannot-function-as-money-because-they-have-no-assured-value-bank-of-england-governor/
Fri, 14 Apr 2023 14:00:29 +0000https://www.digit.info/2023/04/14/stablecoins-cannot-function-as-money-because-they-have-no-assured-value-bank-of-england-governor/Read more]]>Andrew Bailey, the governor of the Bank of England, has asserted that stablecoins “will need to have the characteristics of, and be regulated as, inside money” before they function as money. Bailey also described crypto as a “highly speculative investment” with no intrinsic value. Stablecoins Purport to Be Money According to the Bank of England […]
Andrew Bailey, the governor of the Bank of England, has asserted that stablecoins “will need to have the characteristics of, and be regulated as, inside money” before they function as money. Bailey also described crypto as a “highly speculative investment” with no intrinsic value. Stablecoins Purport to Be Money According to the Bank of England […]