Bitcoin experts welcome the Bank of England's crypto-regulation, despite criticism of Mark Carney

March 5, 2018

A number of crypto-enthusiasts agree with the comments of the head of the Bank of England.

Despite the attack on the crypto-currencies, which was held by the head of the Bank of England Mark Carney the other day, British experts on crypto-currencies welcomed the regulation of the Bank of England's crypto currency.

Crypto-enthusiasts see the essence of criticism

In particular, Carney's support was found in the person of Nigel Greene, the founder and CEO of the deVere Group crypto-currency service, who stated that the Bank of England's approach is "proactive and pragmatic" and should "be defended,"

"The Bank of England is one of the most influential central banks in the world and … its approach is likely to help shape the policies of others (with respect to crypto currency)," Green says.

He argues that a strong regulatory framework will give investors even greater protection and greater market confidence and will make Ethereum, Ripple, Litecoin and Dash more sustainable.

In turn, Kevin Murko, CEO of the exchange service CoinMetro agrees that, although Karni's words were harsh, regulation is necessary.

"We have long believed that crypto-currencies should (operate) by the same standards as traditional currencies … especially when it comes to active trading … The main content of Carney's speech, which, although extremely negative … (in that crypto-currencies) require further regulation. This shows us that the legal financial basis for crypto space is quickly becoming a reality, "says Murko.

Author: Evgenij Novožilov, Analyst Freedman Club Crypto News

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