Cryptocurrencies Are “Providing Another Means Of Payment,” for Criminals and Scammers: BoE Governor

Bank of England Governor Andrew Bailey again sounded his concerns on the rise of crypto assets aiding illegal activity.

According to him, the rise of crypto is giving criminals and scammers “another means of payment.”

“I'm afraid that the advent of digital means of payment, and in particular crypto assets, I'm afraid that the evidence suggests, and we see this, is that it is providing another means of payment for people who want to conduct criminal activity,” said Bailey during an online Q&A session organized by the central bank.

In contrast, New York City mayor Eric Adams has said that he will be accepting his first few paychecks in Bitcoin and is also “going to look at” encouraging businesses to accept it as a form of payment. BTC -1.37% Bitcoin / USD BTCUSD $ 50,927.26
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Last week, meanwhile, a press release last week fraudulently claimed that America’s largest grocery retailer Kroger will begin accepting Bitcoin Cash. BCH -1.59% Bitcoin Cash / USD BCHUSD $ 483.75
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“This communication was fraudulent and is unfounded and should be disregarded,” Kroger clarified.

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