Watch: the head of the Bank of England says crypto for failing 'fundamental tests'

22 Jan, 2019
by Arthur Sillers
News
Watch: the head of the Bank of England says crypto for failing 'fundamental tests'

Van Sleenis, the head of the Bank of England has strong criticisms for crypto, at least as it exists now. He claims that crypto is too slow, too unstable a unit of exchange, and aren't useful enough as a unit of exchange to threaten traditional finance. While crypto enthusiasts may hate to hear it, these issues must be remedied if crypto is to replace fiat currency.

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