That's part of the point, silly.
that attitude is only going to bring contrarian attitudes. what the UK needs to do is completely co-opt crypto and become a hub for digital currencies. it needs to act quickly and decisively in order to attract as much of the energy as possible.
That's not going to happen when the BoE writes reports like this though. They are correct: bitcoin presents a threat to the established system. I'd love to see it being co-opted more widely in the UK though.