Jon Cunliffe, the Bank of England's deputy governor for financial stability, warns that cryptocurrencies could spark a global financial crisis. "The Hash" hosts challenge his arguments. "Crypto is not the problem," host Naomi Brockwell said. "Crypto is the solution."
#cryptocurrency #digitalfinance #finance #bitcoin #crypto
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#cryptocurrency #digitalfinance #finance #bitcoin #crypto
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CoinDesk is the leading digital media, events and information services company for the crypto asset and blockchain technology community.
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Francisco Gimeno - BC Analyst The BoE Deputy Governor stating this is kind of forgetting that the actual economic and financial system is already in crisis and any Black Swan may produce a crash. If we had to say something is that a proper crypto market could be the salvation of the economy as the digital economy strengthens and digital coins and token are massively used, changing the way we work and see the economy. The banking and financial system is strong and has centuries of history. It won't disappear but transform as it has done before.