BoE’s Carney says Bitcoin has ‘pretty much failed’ as currency

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LONDON (Reuters) – Bitcoin BTC=BTSP has failed as a currency measured by standard benchmarks, and is neither a store of value nor a useful way to buy things, Bank of England Governor Mark Carney said on Monday.

“It has pretty much failed thus far on … the traditional aspects of money. It is not a store of value because it is all over the map. Nobody uses it as a medium of exchange,”…

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