BOE Gov: Crypto Creates Opportunity for Criminals
Andrew Bailey, Governor of the Bank of England, said crypto is the new “front line” in criminal scams. He said crypto could be used in ransom payments. The central bank chief encouraged firms to work with them to fight scams. Andrew Bailey, the Governor of the Bank of England (BOE), shared his insights about cryptocurrency at a “Stop Scams” conference organized by the central bank on Monday. The Bank of England’s governor has warned everyone that crypto could produce an “opportunity for the downright criminal.” He said cryptocurrencies are the new “front line” in criminal scams. Bailey described in a
