A bitcoin logo is seen at a facility of the Youth and Sports Ministry in Caracas, Venezuela February 23, 2018. REUTERS/Marco Bello
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Cryptocurrencies are failing as money: Bank of England's CarneyCryptocurrencies are failing as a form of money and have shown classic signs of being a financial bubble, requiring regulators to protect consumers and stop their use for illegal activities, Bank of England Governor Mark Carney said Friday.Carney did not call for a ban on cryptocurrencies such as Bitcoin but said they needed to be regulated in a similar way to other parts of the financial system, and stressed they could not effectively replace traditional currencies.
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