🚀 Governor of the Bank of England argued that cryptocurrencies are not money and that “improved digital money” is a better option! 🔥 What do you think the future of cryptocurrencies will be? Share your thoughts in the comments section! 👇

- Bank of England Governor Andrew Bailey stated that cryptocurrencies and stablecoins cannot pass basic currency and payment tests. 🤔

- Bailey stated that digital money can be developed in an already existing way and made available in smart contracts. 💡

- A Central Bank Digital Currency (CBDC) can also be viewed as an improved digital currency. 🏦

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