BOE Warns Banks and Other Firms Against Cryptocurrencies As Prices Continue To Decline

Hard times call for hard measures as they say and on this basis has the Bank of England issued a warning in a written statement to banks in the country saying they need to stay clear of cryptocurrency assets.Among many other reasons, price decline has been attributed to concerns over challenges associated with virtual currencies.

The spokesperson for the bank, Sam Woods, made this known. In his words, Woods said: