英国央行行长：比特币是高风险投资，CBDC与稳定币可共存
```json { "translatedTitle": "Bank of England Governor: Bitcoin is a High-Risk Investment, CBDC Can Coexist with Stablecoins", "translatedContent": "[This article was updated on September 4, 2020 at tuoniaox.com]\n\nOn September 3, the Brookings Institution hosted an online event themed around stablecoins. Bank of England Governor Andrew Bailey launched a scathing attack on Bitcoin during the event, claiming it has nothing to do with currency and stating that cryptocurrencies like Bitcoin may have value other than money, but they are a high-risk investment.\nImage source: www.youtube.com\n\nAccording to foreign media reports, Bailey had warned earlier this year that investors could go bankrupt investing in cryptocurrencies, as he firmly believes cryptocurrencies have no intrinsic value, echoing his remarks from December 2017 when he served as CEO of the Financial Conduct Authority (FCA).\n\nBailey also pointed out that crypto assets cannot be used for payments, while expressing approval for stablecoins. He noted that especially in the case of establishing global stablecoins, stablecoins could potentially improve payment speed and reduce payment costs, thereby further reducing payment friction. Moreover, stablecoins might provide more convenience through integration with other social media platforms or exchanges.\nImage source: u.today\n\nHowever, Bailey remains opposed to digital assets issued outside the banking system that are linked to the financial system, as some of these assets do not comply with holders' legitimate rights and may bring liquidity risks. Stablecoins also need to provide strong legal regulations to token investors and provide supporting mechanisms and protective measures to ensure they can be exchanged for fiat currency at a 1:1 ratio at any time.\nImage source: u.today\n\nIt's reported that Tether stated last year that only 74% of USDT was backed by cash or cash equivalents, causing a sensation in the entire market at the time. Additionally, Bailey opposes the issuance of multi-currency stablecoins, which was the first iteration of Facebook's Libra. He stated that stablecoins should initially be based on a single fiat currency and emphasized the need to establish global regulatory standards for this emerging asset class.\nImage source: u.today\nImage source: u.today\n\nAlthough the Bank of England is considering creating its own central bank digital currency, Bailey did not rule out the possibility of CBDC coexisting with stablecoins. He stated that depending on design choices, CBDCs and stablecoins can be placed side by side, either as different payment options or used together with elements in the stablecoin ecosystem such as wallets, thereby providing consumers with access to CBDCs.\nImage source: u.today\n\nSource: u.today\n==\nReceive the latest market information with 110,000 people simultaneously\nSearch \"Tuoniao Blockchain\" to download\nJoin the Tuoniao community with 20,000 people\nAdd WeChat ID: tuoniao02\n\nThis article has been authenticated as original by \"Yuanben\", author: Tuoniao Blockchain. Visit yuanben.io and search [1LTDJF52] to obtain authorization information.\n\n---\nWith editor-in-chief authorization, all content from tuoniaox.com has been migrated to hashspring.com, and will continue to be published on hashspring.com." } ```
```json
{
"translatedTitle": "Bank of England Governor: Bitcoin is a High-Risk Investment, CBDC Can Coexist with Stablecoins",
"translatedContent": "[This article was updated on September 4, 2020 at tuoniaox.com]\n\nOn September 3, the Brookings Institution hosted an online event themed around stablecoins. Bank of England Governor Andrew Bailey launched a scathing attack on Bitcoin during the event, claiming it has nothing to do with currency and stating that cryptocurrencies like Bitcoin may have value other than money, but they are a high-risk investment.\nImage source: www.youtube.com\n\nAccording to foreign media reports, Bailey had warned earlier this year that investors could go bankrupt investing in cryptocurrencies, as he firmly believes cryptocurrencies have no intrinsic value, echoing his remarks from December 2017 when he served as CEO of the Financial Conduct Authority (FCA).\n\nBailey also pointed out that crypto assets cannot be used for payments, while expressing approval for stablecoins. He noted that especially in the case of establishing global stablecoins, stablecoins could potentially improve payment speed and reduce payment costs, thereby further reducing payment friction. Moreover, stablecoins might provide more convenience through integration with other social media platforms or exchanges.\nImage source: u.today\n\nHowever, Bailey remains opposed to digital assets issued outside the banking system that are linked to the financial system, as some of these assets do not comply with holders' legitimate rights and may bring liquidity risks. Stablecoins also need to provide strong legal regulations to token investors and provide supporting mechanisms and protective measures to ensure they can be exchanged for fiat currency at a 1:1 ratio at any time.\nImage source: u.today\n\nIt's reported that Tether stated last year that only 74% of USDT was backed by cash or cash equivalents, causing a sensation in the entire market at the time. Additionally, Bailey opposes the issuance of multi-currency stablecoins, which was the first iteration of Facebook's Libra. He stated that stablecoins should initially be based on a single fiat currency and emphasized the need to establish global regulatory standards for this emerging asset class.\nImage source: u.today\nImage source: u.today\n\nAlthough the Bank of England is considering creating its own central bank digital currency, Bailey did not rule out the possibility of CBDC coexisting with stablecoins. He stated that depending on design choices, CBDCs and stablecoins can be placed side by side, either as different payment options or used together with elements in the stablecoin ecosystem such as wallets, thereby providing consumers with access to CBDCs.\nImage source: u.today\n\nSource: u.today\n==\nReceive the latest market information with 110,000 people simultaneously\nSearch \"Tuoniao Blockchain\" to download\nJoin the Tuoniao community with 20,000 people\nAdd WeChat ID: tuoniao02\n\nThis article has been authenticated as original by \"Yuanben\", author: Tuoniao Blockchain. Visit yuanben.io and search [1LTDJF52] to obtain authorization information.\n\n---\nWith editor-in-chief authorization, all content from tuoniaox.com has been migrated to hashspring.com, and will continue to be published on hashspring.com."
}
```