Crypto coins are not permanent
Bank of England Governor Bailey, who participated in the panel “Reorganizing digital currencies” organized by the World Economic Forum (WEF), said, “Have we given up a design, management and regulation in the sense that I can call a permanent currency? No. To be honest, I don’t think we’re at that point yet. “I don’t think cryptocurrencies were initially formulated like that.”
Stating that the payments should have a stable value and there should be a guarantee for this, Bailey said that this would leave the bank to associate it with the flat currency that has a relationship with the state.
Pointing out that the discussions on privacy standards for digital currencies will continue, Bailey said, “This is a big issue that will come to the agenda. Confidentiality standards and the issue of where the public interest is when sending in any digital currency. ” made his comment.
There are those who are as suspicious as those who are hopeful about the future of cryptocurrencies. A new one is added to crypto coins every day. Each coin maker has now become a digital bank. Comment on your thoughts about the future money and the banks of the future.