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Evening Standard
Evening Standard
Business
Daniel O'Boyle

Bank of England boss: 'Inefficient' Bitcoin ‘not taking off’ as a financial service

The Governor of the Bank of England says that Bitcoin is ‘inefficient’ and ‘not taking off’ as a financial service.

Speaking before MPs today, Andrew Bailey and other Bank leaders answered questions on topics including cryptocurrency and their plans for a new “digital pound”, as well as interest rates.

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