Deputy Governor of the Bank of England: The volatility of encrypted assets is too large to be used as a means of value storage

On April 30, Dave Ramsden, deputy governor of the Bank of England, revealed in an interview with CNBC that the volatility of encrypted assets was too large to be used as a means of value storage. The US Financial Policy Committee (FPC) has pointed out that cryptocurrencies do not conform to the definition of currency, and because the cryptocurrency market is small, they will not pose a threat to financial stability. Dave Ramsden said that the conclusion of the FPC is still in place today.