Mark Carney: crypto is not the future of money
The Bank of England governor says cryptocurrencies are unreliable and provide poor short-term value
Bank of England governor Mark Carney has slammed the idea that cryptocurrencies are set to replace fiat currencies, noting such virtual units act as money only for some people and to a limited extent at best, and even then only in parallel with their traditional currencies.
“How well do cryptocurrencies fulfil the roles of money?” he asked in a speech called ‘The future of money’, given to the inaugural Scottish Economics Conference at Edinburgh University on March 2. “The short answer is they
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