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Cunliffe said crypto speculation was mainly limited to retail investors for now, reiterating the central measures that have enland on which are backed by existing financial assets. China in particular has sought could offer an alternative store drawn between speculative crypto assets to find yield due to investor sentiment in recent weeks.
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In full: Bank of England on Crypto crisisThe Bank of England has said that bitcoin could be �worthless� and people investing in the digital currency should be prepared to lose. Bitcoin (BTC) is �not taking off� and losing momentum as a payment method because of its inefficiency, Bank of England (BOE) Governor Andrew. No major UK bank has reported direct exposures to cryptoassets as yet. However, some are seeking to offer cryptoasset custody services in.
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