Post
Topic
Board Altcoin Discussion
Re: Bank of England warns against Cryptos
by
kha180740
on 29/06/2018, 15:37:27 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.
It's not FUD, it's news. And if you not share news and ignore it, it will be worse than FUD, it will look dodgy.