Today news
About the same in other media
Bank of England Governor raises concerns about El Salvador’s Bitcoin adoption
Reading now: 586
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
Read more on ambcrypto.comAbout this in other media
Lack of Transparency Blighting El Salvador’s Bitcoin Adoption, Critics Say cryptonews.com /2 years ago
Another Powell pivot raises questions about the Fed's policy credibility cnbc.com /2 years ago
‘We are definitely almost there,’ Zimbabwe’s central bank governor on CBDC ambcrypto.com /2 years ago
Show more
The website finance-news.co is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.
