Bank of England Chief: Bitcoin Isn’t a Threat to Financial Stability

Bank of England (BoE) head Mark Carney said on Wednesday that bitcoin’s meteoric price gains do not pose a threat to global financial stability. 

Talking to British lawmakers in Parliament, Carney said that bitcoin’s recent price moves are “significant” and more like an “equity-type risk,” Reuters reports.

You can read the full article written by Sujha Sundararajan here.

Image Credit.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

w

Connecting to %s