Bank of England Adviser: Cryptocurrencies Fail Basic Financial Tests, Lack Value
Cointelegraph
Published Jan 21, 2019 05:28PM ET
Updated Jan 21, 2019 05:42PM ET
Bank of England Adviser: Cryptocurrencies Fail Basic Financial Tests, Lack Value
Huw van Steenis, senior adviser to Bank of England’s (BOE) Governor Mark Carney, told Bloomberg in an interview Monday, Jan. 21, that cryptocurrencies fail fundamental financial tests.
Van Steenis joined BOE in 2018, having previously worked at Schroders (LON:SDR) and Morgan Stanley (NYSE:MS). He is currently heading a review of the future of finance, according to Bloomberg. When asked about crypto’s potential to become a threat to economic stability, van Steenis said:
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Written By: Cointelegraph
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