Andrew Bailey, the next BoE Governor, said Bitcoin had no intrinsic value. He added that those who invest in digital assets should be prepared to lose all.
FCA UK CEO Andrew Bailey has been appointed as the New Bank of England Governor, will start on 16 May 2020, becoming the 121st governor of the Bank.
Joining the string of global warnings, FCA Chief Executive Bitcoin warning comes the latest. Yet, it does not have much effect on the price of Bitcoin.
Having appointed Andrew Bailey as new FCA chief, the regulator brings a highly experienced candidate. As Mr. Baily has served in the central bank for 30
UK lawmaker requests BoE for greater transparency in order to prevent the financial crisis, similar to the one of 2007 - 2009.
Financial services industry culture drives individual behaviors which in turn affect day-to-day practices in firms and their interaction with customers.