Governor of the British Monetary Fund: Cryptocurrencies like BTC are difficult to use and not suitable for public use

According to an AMBCrypto report from September 4, the Governor of the Bank of England, Andrew Bailey, recently indicated that stablecoins, bitcoins and other cryptocurrencies are difficult and inadequate for the public to use for payments. Financial direction. For stablecoins to be widely used as a form of payment, they must meet the same standards as other payment and transfer methods today. Bailey also called on the G20-approved governing body to review and clarify the rules for securing coins. He said all British pound-backed coins would have to meet current banking standards and he would consider the need for the UK agency if they so wished.