Yesterday at the virtual World Economic Forum, the Bank of England (BofE) Governor Andrew Bailey spoke on a digital currency panel. He believes digital currency designs will evolve further and shared thoughts on the privacy of digital currencies.
Governor Bailey was responding to a question about the complexity of regulating the digital currency sector given all the different flavors of digital currencies and stablecoins and the added dimension of digital currencies being inherently cross-border.
Governor Bailey’s response was an approach based on principles. “History guides us here by defining where the public interest lies,” he said.
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