Post
Topic
Board Altcoin Discussion
Re: Bank of England warns against Cryptos
by
therhslv
on 01/07/2018, 13:17:44 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

Really ? Fiat money have more laundering and terrorist financing risks ... So it means we should not use Fiat money at all ? There always will be fraud and manipulation everywhere . They all keep saying same thing for years . Its nothing new