Bank of England Again Warns Crypto Could Pose Threat to Financial System

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This system they speak of is designed to keep the regular person a debt slave, working to make the rich richer and everyday people chase their tail. Bitcoin and cryptocurrency change all of this so of course they are scared

Bank of England Again Warns Crypto Could Pose Threat to Financial System

“The Bank of England has warned that the cryptocurrency industry—and its risks—may be a danger to the established financial system in time, per the BBC.

‘The point, I think, at which one worries is when it becomes integrated into the financial system when a big price correction could really affect other markets and affect established financial market players,’ Sir Jon Cunliffe, deputy bank governor, told the BBC.

‘It’s not there yet, but it takes time to design standards and regulations,’ he added.

Sir Cunliffe also said that this risk will grow if and when the crypto industry becomes more widely adopted.”

https://decrypt.co/88244/bank-of-england-again-warns-crypto-could-pose-threat-to-financial-system

 

Master Asked on December 14, 2021 in Cryptocurrency.
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