Netcoins.ca Reacts to Bank of England Governor Andrew Bailey Scare Tactics over Bitcoin
ACCESSWIRE
14 May 2021, 05:55 GMT+10
VANCOUVER, BC / ACCESSWIRE / May 13, 2021 / Netcoins.ca, a subsidiary of BIGG Digital Assets, reacted to a recent announcement by a Governor of the Bank of England that Bitcoin assets have no intrinsic value. According to this CNBC article, Bank of England Governor Andrew Bailey stated that investors in the various digital currencies should only Buy them only if you re prepared to lose all your money. Netcoins disagrees strongly with this statement, and believes the future of crypto is a safe, compliant and regulated environment. While any investment involves risk, and the bitcoin market may seem volatile at times, Netcoins.ca has programs in place to make the process transparent and less intimidating than other investments. One of these efforts involves educating users with their How to Buy Bitcoin initiative that uses plain language to explain the pr
Netcoins.ca Reacts to Bank of England Governor Andrew Bailey Scare Tactics over Bitcoin
VANCOUVER, BC / ACCESSWIRE / May 13, 2021 / Netcoins.ca, a subsidiary of BIGG Digital Assets, reacted to a recent announcement by a Governor of the Bank of England that Bitcoin assets have no intrinsic value. According to this CNBC article, Bank of England Governor Andrew Bailey stated that investors in the various digital currencies should only Buy them only if you re prepared to lose all your money. Netcoins disagrees strongly with this statement, and believes the future of crypto is a safe, compliant and regulated environment. While any investment involves risk, and the bitcoin market may seem volatile at times, Netcoins.ca has programs in place to make the process transparent and less intimidating than other investments. One of these efforts involves educating users with their How to Buy Bitcoin initiative that uses plain language to explain the process, risks, and safeguards. Netcoins.
By Reuters Staff
1 Min Read
LONDON, May 13 (Reuters) - Bank of England Governor Andrew Bailey said there might well be a role for a state-backed digital currency in Britain although there would be big implications ranging from the setting of interest rates to privacy.
“It may well be that we do end up with a digital currency. It’s a few years off at the moment,” Bailey said at a public event organised by the BoE on Thursday. (Writing by William Schomberg, editing by David Milliken)
(Bloomberg) Most Asian stocks fell Wednesday with U.S. equity futures after a drop on Wall Street amid concern that faster inflation and the surge in commodities could test the economic recovery from the pandemic. Stocks slid in Japan and South Korea but fluctuated in Hong Kong as technology shares rebounded. Covid-19 curbs rattled investors in Taiwan, where the stock index slumped. U.S. contracts slipped after the S&P 500 declined for a second day following a record high Friday. Dip buyers helped the tech-heavy Nasdaq 100 erase a loss of almost 2% to finish little changed. Treasury yields were steady and the dollar rose. Investors are awaiting inflation data and government debt sales in the U.S. events that could spark market volatility. Consumer-price inflation is set to quicken, with the year-on-year comparison amplified by the shock of Covid-19 shutdowns in 2020. Australia’s 10-year bond yield jumped after the government unveiled a big-spending budget to spur the country’s