Bitcoin faces regulatory crackdown, Bank of England warns

Cryptocurrencies inherently risky and fail most basic function as money, says Mark CarneyThe Bank of England has warned that bitcoin faces a regulatory crackdown, warning that “inherently risky” cryptocurrencies are failing to fulfil their most basic function as money. Mark Carney, the Bank’s governor, used a speech in London on Friday to attack a situation of “anarchy” in the trading of cryptocurrencies, with the market having grown rapidly on unregulated exchanges