In a speech to the Brookings institution on Thursday, the Bank of England (BoE) governor, Andrew Bailey warned against digital currencies like bitcoin, demonstrating an unwillingness to come to terms with its inevitability.
In Brief :
The BoE is set to introduce a UK-based Central Bank Digital Currency (CBDC).
In the Governor’s view, anything that isn’t issued by the Central Bank carries risk.
Physical cash is no longer trendy, opening the door for standardised digital payments.
Owning bitcoin has never been more attractive proposition