On November 11, the Governor of the Bank of England Andrew Bailey said in an online question and answer meeting organized by the Bank of England.
The rise of cryptocurrency is helping illegal activities. Provide payment methods for criminals.
Previously, Bailey had warned on various aspects of cryptocurrency on multiple occasions. He said in May “to be frank.”
I am skeptical of crypto assets because they are dangerous and the enthusiasm outside is high. He also stated that cryptocurrency “has no intrinsic value.”