Post
Topic
Board Altcoin Discussion
Re: Bank of England warns against Cryptos
by
duyduc256
on 29/06/2018, 15:19:18 UTC


The Bank of England sent a clear warning:

Sam Woods, the Bank of England deputy governor responsible for financial supervision said that “in their short history, crypto-assets have exhibited high price volatility and relative illiquidity.”

Writing in a letter to the chief executives of banks and insurers he said: "Crypto-assets also raise concerns related to misconduct and market integrity – many appear vulnerable to fraud and manipulation, as well as money-laundering and terrorist financing risks.”

https://www.express.co.uk/finance/city/981330/Bitcoin-price-barclays-ripple-cryptocurrency-ethereum-BTC-to-USD-XRP-news
A lot of bad news at the moment but I think this news has not much impact on the market as the downtrend is getting worse and most of all the world market is experiencing this situation. Not only does the UK bank object to this, but almost all banks around the world fear Cryptocurrency, so just relax and buy more.