Published On: Sat, Apr 14th, 2018

Bank of England Nocoiner Admits ‘Cryptocurrency Not a Risk’

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Bank of England’s governor, Mark Carney, held a speech at the Public Policy Forum’s Canada Growth Summit in Toronto, outlining that despite the ‘huge amount’ of illicit activity run through cryptocurrency, at the current state, they do not pose a threat.

Singing the Same Old Song
In line with his previous sentiment expressed at the G20 Summit in Argentina earlier this year, rock-star banker Carney holds that, at current times, “cryptocurrencies aren’t a risk to the financial state.” The merits of his statement lie within the fact that cryptocurrencies “are still small and not connected to the financial system.”
In a true Carney fashion, he goes on to bash the crypto field, holding that a “huge amount” of illicit activity is run through them, directly contradicting the findings of his own Treasury’s reports.
As it’s outlined in the National Risk Assessment of Money Laundering and Terrorist Financing 2017 report:
The NCA [National Crime Agency] has assessed the risk of digital currency use for money laundering to be relatively low.
Exchanges = Currency?
Carney also keeps on insisting that cryptocurrency systems will have to go …

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