Post
Topic
Board Altcoin Discussion
Re: Bank of England warns against Cryptos
by
cryptomagnate
on 29/06/2018, 15:31:57 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

We should be very careful the way we spread FUD information to our great community, one lesson I have learnt with my stay here is that FUD does no good to crypto investors.  The market will recover very soon so we should not panic.