The governor of the Bank of England, Andrew Bailey, has warned that crypto creates an 'opportunity for the downright criminal.' cryptocurrency bitcoin $BTC
The governor of the Bank of England, Andrew Bailey, has warned that crypto creates an “opportunity for the downright criminal.” The central bank chief described: “You only have to ask the question ‘What do people committing ransom attacks usually demand payment in?’ The answer is crypto.”Bank of England Governor Andrew Bailey talked about cryptocurrency Monday at a “Stop Scams” conference organized by the central bank.
Bailey urged banks, tech companies, and government institutions to work with the Bank of England to tackle scams targeting consumers, which he acknowledged is a job that “will never be done.”
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