Back to the list

Mark Carney, Governor of Bank of England: Bitcoin failed at being a currency

19 February 2018 21:00, UTC

Bank of England Governor Mark Carney does not think that Bitcoin had become a universally-praised  medium of exchange and thus has failed at being a currency, as reported by major media outlets. 

This statement was followed by his appreciation of the technology that underlies Bitcoin - the blockchain. In this, this banker does not seriously differ from other bankers. With Brexit being a pressing issue, Mark Carney also mentioned the transitional period for financial organizations. Another British official recently told how blockchain could be applied in the UK businesses during this opportune time.

Meanwhile, despite the fact that the United Kingdom companies are reluctant to work with cryptocurrency businessmen, some organizations are beginning to accept Bitcoin payments. Observers note the rise of the interest of the real estate businesses to cryptocurrencies, although the firms they talk about are clearly not centuries old.

Theresa May, Prime Minister of Great Britain, has recently noted that the authorities are aware of the crypto market existence and will try to combat illicit activities in this sphere.