As chairman of the Financial Stability Board (FSB) and the governor of the Bank of England, Carney – a regular instigator of digital asset regulation – spoke in favor of virtual coins, saying they do not pose serious risks to the global economy.
His comments were also published in a letter to the FSB on March 18. The document states:
“The FSB’s initial assessment is that crypto-assets do not pose risks to global financial stability. Even at their recent peak, their combined global market value was less than one percent of global GDP… The technologies underlying them have the potential to improve the efficiency and inclusiveness of both the financial system and the economy.”
