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Bank of England Governor raises concerns about El Salvador’s Bitcoin adoption
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ambcrypto.comTwo months after El Salvador scripted history to become the first country to officiate Bitcoin as legal tender, proponents of the financial industry still don’t seem completely sold on the idea. Andrew Bailey, who is the Governor of the Bank of England, recently raised concerns about the same while speaking at a conference, according to Bloomberg.
Bailey was attending the Cambridge University student’s union, responding to questions during the session. He called El Salvador’s Bitcoin adoption concerning, as unsuspecting consumers could be hugely affected by its volatility. He said,
“It concerns me that a country would choose it as its national currency. What would worry me most of all is, do the citizens of El Salvador understand the nature
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