The Governor of Bank of England warns that crypto provision means for criminals - regulation

The advancement of digital means of payment and in particular crypto-assets, I fear that the evidence indicates that it offers another means of payment for people who want to carry out criminal activities.

governor Bailey has warned several aspects of cryptocurrency. He in May: "I am honestly skeptical about crypto-assets because they are dangerous out there. there is great enthusiasm. ”

he also that specified that specified Cryptocurrencies "have no inner value". However, the governor of the Bank of England added that this does not mean that people do not attach any value to them and found that "they could have an extrinsic value". Bailey nevertheless emphasized: "I say that again bluntly. Only buy it if you are ready to lose all of your money."

The governor of the Bank of England is not the only one who is worried that crypto is used for illegal activities. The President of the European Central Bank (ECB), Christine Lagarde, called May that cryptocurrencies are susceptible to money laundering.

US finance minister Janet Yellen spoke several times this year about the use of crypto for illegal financing. In February she emphasized the importance of crypto control to ensure that bitcoin and cryptocurrencies are not for illegals Transactions are used.

In addition, US President Joe Biden in October: "The United States are brought together to bring together 30 countries to To accelerate the combat of cybercrime, to improve cooperation with the law enforcement authorities, to contain the illegal use of cryptocurrency and to use them diplomatically for these topics. ”