Post
Topic
Board Altcoin Discussion
Re: Bank of England warns against Cryptos
by
iwah
on 12/08/2018, 17:08:59 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
Those news are really discouraging,  also recently I have heard one of the top world leading economists said that you need to be fast and quit the game because it's going to end soon.

Everybody will not support crypto currency, some people will be against it while other will still support it, so we should always focus on the positive news and forget about the negative news about crypto currency