Governor of the British Monetary Fund: Cryptocurrencies like BTC are not suitable for default payments and some fixed coins can be used as a means of payment.

2020-9-6 09:17
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Bank of England Governor Bailey (Andrew Bailey) said in a recent speech that cryptocurrencies such as Bitcoin do not interfere with profits and are initially unsuitable for payments. However, some stationary coins can be widely used as a means of payment and can be bought at their value. Moreover, despite the great potential of digital financial institutions (CBDCs), the adoption of digital advantages by central banks requires careful consideration, which raises many questions about the form, efficiency and impact of financial institutions. . Security, the role of the central bank, such as the construction that the central bank must provide, how this will affect the activities of the central bank and how the responsibility of medium-sized banks and private companies should be shared.

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Cashaa establishes financial institution in India to operate cryptocurrency banking platform in India
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2020-9-6 08:36