The Bank of England Governor Mark Carney’s comments on cryptocurrencies


The Bank of England Governor Mark Carney also touched the topic of cryptocurrencies while delivering his Financial stability testimony in the British parliament in London.


Key comment of Mark Carney:


  • “ We do not view bitcoin as a financial stability issue at present.”
  • “Bitcoin is not closely connected to the mainstream financial system.”
  • “Some ICO's (Initial Coin Offering) are an attempt to avoid rules around IPO's”
  • “Carney expect international regulators to discuss cryptocurrencies and potential future role of Central Bank digital currencies”
  • “To regulate cryptocurrencies is not Bank of England’s remit”

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