Nayib Bukele Bitcoin Britain El Salvador city Bitcoin, El Salvador United Kingdom Stablecoin Adoption Nayib Bukele Bitcoin Britain El Salvador city Bitcoin, El Salvador United Kingdom

Bitcoin too volatile to be adopted as legal tender, says BoE chief

Reading now: 308
cointelegraph.com

Bank of England governor Andrew Bailey has expressed concerns over El Salvador’s adoption of Bitcoin (BTC) as legal tender after President Nayib Bukele announced the launch of Bitcoin City.Bailey argued that ​​El Salvador’s decision to adopt Bitcoin as a currency was alarming because consumers are likely to suffer from the cryptocurrency’s extreme volatility.Trading around $43,000 on the first day of El Salvador’s Bitcoin adoption as legal tender, Bitcoin surged to a new historical high above

Read more on cointelegraph.com
The website fvbb.com is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.

Related News

DMCA