Bank of England Senior Advisor: Cryptocurrencies Neither a Good Store of Value nor a Medium of Exchange

Failed Bitcoin Ethereum Red Stamp Paper

Huw van Steenis, the senior advisor to Bank of England (BOE) Governor Mark Carney believes that cryptocurrencies “fail fundamental tests” to compete with the traditional financial market institutions, reports Bloomberg on January 21, 2019. Cryptocurrencies Aren’t a Great Unit of Exchange Cryptocurrency proponents the world over are banking on the technology’s potential to replace the centralized financial institutions in near…Read More. The post by Aisshwarya Tiwari appeared first on BTCManager, Bitcoin, Blockchain & Cryptocurrency News

Source: BTC Manager