Mark Carney, Governor of the Bank of England (BoE), called the authorities to regulate crypto-currencies rather than the [ "in his speech at the inaugural Scottish Economic Conference in Edinburgh on March 2, as reported by the Financial Times.

According to Carney, cryptocurrencies do not threaten " financial stability " at the moment, but they could after more consumers get involved.Carney believes that it is time to incorporate the Crypto-currency ecosystem in the rest of the financial system, applying the same regulatory approach and the same [ rigorous standards . "

Carney believes that this would not only minimize the money laundering Money and the risks of consuming but would also help to adapt the technology for wider public use.

Following his recent speech at Regent & # 39; s University in London, where Carney argued that Bitcoin had failed ] "As a currency, the governor of the central bank has again stressed his opinion that digital currencies like Bitcoin should be considered as assets.

Carney pointed out the enormous volatility of these assets "emphasizing that cryptocurrencies have" ] exhibited classic bubble punches "since their prices are based on" beliefs about their future supply and demand ", and do not have" intrinsic value "or external support.

The Governor of the BoE expressed his opinion on the cryptocurrency market as" a lottery . "

" Consider that if you had taken out a £ 1,000 student loan Bitcoin last December to pay your living expenses sterling for & # 39; next year you run out of & # 39; about £ 500 at the moment. If you did the same thing last September, you would be in advance of £ 2,000. Carney said:

Carney's allegations arise after the UK's Treasury Select Committee announced that it would launch an investigation into cryptocurrencies and their effects on UK investors and businesses. The purpose of this survey is to explore the risks and benefits of digital currencies and blockchain technology.