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Topic: [2018-05-26] Mark Carney: BoE Remains Open to Possibility of Central Bank Crypto (Read 107 times)

hero member
Activity: 3094
Merit: 929
Speaking on the future of central banking, Mark Carney says the primary role of banks is maintain trust in money. As for cryptocurrencies, a Bank of England-backed coin is, for now, not being seriously considered because the current volatility inherent in the coins prevent them from being a secure medium of exchange. Full article on NewsBTC

The whole idea of a central bank crypto is totally pointless.Do they want to create a crypto british pound?
What`s the point?The crypto version will be almost the same as the digital fiat version of the british pound.
I wonder what kind of blockchain will they use for a central bank cryptocurrency?
copper member
Activity: 2142
Merit: 1305
Limited in number. Limitless in potential.
This might be some sort of inadvisable in terms of investment regarding in ICOs especially in trading since manipulation of price is highly possible but this is a good news tho despite of bitter news regarding crypto.
hero member
Activity: 924
Merit: 556
Speaking on the future of central banking, Mark Carney says the primary role of banks is maintain trust in money. As for cryptocurrencies, a Bank of England-backed coin is, for now, not being seriously considered because the current volatility inherent in the coins prevent them from being a secure medium of exchange. Full article on NewsBTC
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