BoE’s Andrew Bailey says crypto has ‘all the potential’ to threaten financial stability

BoE’s Andrew Bailey says crypto has ‘all the potential’ to threaten financial stability

Bank of England Governor Andrew Bailey said that the rapid growth of cryptocurrencies means that they could threaten the world’s financial system. “It’s not a financial stability issue today, but it has all the potential to be one, particularly if the system starts getting leverage into it,’’ Bailey toild at an event at Cambridge Union on … Read more