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Bitcoin's Risks to Financial Stability Don't Worry Mark Carney

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Cryptocurrency Mania Rages On

Mark Carney isn’t worried about the financial stability risks of bitcoin. He and his colleagues at the Bank of England are more interested in how it works.

Responding to questions from lawmakers in London on Wednesday, the BOE governor said that the recent price moves are “remarkable” and said the cryptocurrency actually behaves more like an equity. However, he stopped short of joining European Union’s financial-services chief Valdis Dombrovskis, who on Wednesday issued the starkest warning yet in saying that investors risk losing everything.