Bank of England Governor on Bitcoin, Stablecoins & Central Bank Digital Currencies – Leaked Sept 15

source was published unlisted on September 3rd https://www.youtube.com/watch?v=S75414_wQe0

This is kind a difficult talk to follow, but basically his position: Bitcoin = non-payment friendly because of volatility, CBDCs might be an option for future payments but could actually lead to the collapse of modern banking, current stablecoins should be regulated even if they are hosted in other countries. the subtext of all this is that Bitcoin has opened the Pandora’s box of financial sovereignty for individuals. Central banks and modern banking cant compete with this level of freedom, as it fundamentally undermines and leaves vulnerable their model, which is dependent on being a 3rd party rent seeker. Meanwhile, they may have no choice but to move forward with some kind of CBDC, since private stablecoins are already eating their lunch. rock and a hard place.