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BoE’s Andrew Bailey says crypto has ‘all the potential’ to threaten financial stability
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fnlondon.comBank of England Governor Andrew Bailey said that the rapid growth of cryptocurrencies means that they could threaten the world’s financial system.
“It’s not a financial stability issue today, but it has all the potential to be one, particularly if the system starts getting leverage into it,’’ Bailey toild at an event at Cambridge Union on 25 November. “It looks like it could happen, so it’s going to be a very high priority internationally.”
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