Andrew Bailey, who will soon head the Bank of England, once again warned investors that buying a cryptocurrency could result in a loss of funds.
Previously, Andrew Bailey was the Deputy Governor of the Central Bank of Great Britain, but was recently appointed as his next manager. He is due to take office on March 16, 2020.
Speaking before the UK Parliament on Wednesday, Bailey reiterated his previous stance on the cryptocurrency market.
According to him, the value of Bitcoin cannot be guaranteed by anyone andit has no real intrinsic value, so those who want to buy it must well understand that in the end they can lose all their money.
Looks like the next chapter will reviseBank of England policy regarding cryptocurrencies and stablecoins. Since the outgoing Mark Carney had previously proposed replacing the dollar with a single international digital currency, and the regulator under his leadership was actively studying CBDC and was ready to compromise with Libra.
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