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Bank of England’s Andrew Bailey Warns Bitcoin Has No Intrinsic Value, Not a Practical Means of Payment

Bank of England’s Andrew Bailey Warns Bitcoin Has No Intrinsic Value, Not a Practical Means of PaymentThe governor of the Bank of England, the British central bank, says bitcoin has no intrinsic value and the cryptocurrency is not suitable as a practical means of payment. His warning came after the crypto market plunged. Andrew Bailey on Bitcoin and Cryptocurrency Bank of England Governor Andrew Bailey warned about bitcoin and cryptocurrency on […]

Redemption arcs of 2024: Ripple’s victory, memecoins’ rise, RWA growth

Bank of England Governor Warns Crypto Is Providing Means of Payment for Criminals

Bank of England Governor Warns Crypto Is Providing Means of Payment for CriminalsBank of England Governor Andrew Bailey has warned that crypto assets are providing another means of payment for people who want to conduct criminal activity. Bank of England Governor Andrew Bailey Sees Crypto Helping Criminal Activities The governor of the Bank of England, Andrew Bailey, said during an online question-and-answer session organized by the British […]

Redemption arcs of 2024: Ripple’s victory, memecoins’ rise, RWA growth

Bank of England Boss Pledges ‘Tough Love’ in Cryptocurrency Regulation

Bank of England Boss Pledges ‘Tough Love’ in Cryptocurrency RegulationBank of England Governor Andrew Bailey says there will be an element of “tough love” in regulating cryptocurrency. “What we cannot have is a world where innovation gets a free pass to ignore the public interest. The odds of such an approach not ending well are too high,” the governor said. Bank of England’s Bailey […]

Redemption arcs of 2024: Ripple’s victory, memecoins’ rise, RWA growth