Carney calls for crackdown on cryptocurrency 'mania'

Carney calls for crackdown on cryptocurrency 'mania'
 

Cryptocurrencies such as Bitcoin should be regulated to crack down on illegal activities and protect the financial system, Mark Carney has warned.
The Bank of England governor said their inherent risks meant investing in cryptos could lose money.
"The time has come to hold the crypto-asset ecosystem to the same standards as the rest of the financial system," Mr Carney said in a speech on Friday.
Cryptocurrencies "do not appear to pose material risks to financial stability".
But he said that could change if more people began investing in them.
Although some countries have... read more

 
2 March 2018 in Business, Views: 39
Source: BBC
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