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Bank of England leader Mark Carney: cryptocurrencies are bubbles and attract fools

06 March 2018 00:00, UTC   |    353
Bank of England leader Mark Carney: cryptocurrencies are bubbles and attract fools

The leader of the Bank of England has reiterated his distrust in cryptocurrencies during his latest speech in the financial conference in Scotland. He called them bubbles once again and also said that with privileges of a financial instrument also comes responsibility.

Making cryptocurrency exchanges equal to classic securities platforms is going to improve the market quality dramatically, Mark Carney stated. And while some cryptocurrency supporters may doubt the bubble notion, the words about getting the crypto platforms to the standards of the fiat market have received appraisal from the local community of corporate leaders. Among them are Kevin Murcko, leader of a digital currency exchange CoinMetro, and Nigel Green, deVere Group chief executive.

As witnessed by the older statements, Mark Carney has always been skeptical about Bitcoin, but he does not view it as a threat to economy.

Theresa May, Prime Minister of the United Kingdom, knows about the existence of the cryptocurrency market and has already told that something regulative must be done about it to decrease the amount of criminal financial activities in the field.



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