Central Bank Officials are Not Confident in Bitcoin or Other Digital Currencies’ Ability to Serve as Legitimate Financial Instruments

Existing virtual currencies are unlikely to last, according to Bank of England governor Andrew Bailey. Decentralized cryptocurrencies like Bitcoin (BTC) or Bitcoin Cash (BCH) don’t have the appropriate structure to work as a viable long-term payments method, according to Bank of England (BoE) governor Andrew… Read More
Read more in: Blockchain & Digital Assets, Global, Opinion | Tagged agustin carstens, andrew bailey, bank of england, bank of international settlements, bis, bitcoin, btc, cbdc, cbdcs, central bank digital currencies, digital currencies, distributed ledger technology, dlt, eth, ether, ethereum, virtual currencies