In England, the Bank of England believes that a crypto currency or virtual currency such as Bitcoin could pose a risk to financial stability in Britain if adopted on a wide scale. This warning is presented in a report on potential economic issues, arising from the spread of digital currency.

Bitcoin is essentially no risk because the scheme of its use is still small. But according to the Bank of England, it can change if Bitcoin grows significantly.

Banks continue to monitor the digital currency and the risks posed. If some people transact exclusively in digital currencies, the Bank's ability to influence the needs of these groups could be disrupted, Bitcoin is unlikely to reduce the Bank's ability to achieve monetary stability. If it can ultimately, in teror- tory, then this can change if pounsterling is abandoned for the sake of an alternative currency for the economy. But such a scenario is considered very unlikely at this time. Nevertheless, the Bank of England does not rule out the technology behind the digital currency can be used for various other things. Not just as a means of payment.