Bailey, who participated in the panel “Reorganizing digital currencies” organized by the World Economic Forum (WEF), said, “Have we given up a design, management and regulation in the sense that I can call a permanent currency? No. To be honest, I don’t think we’re at that point yet. I don’t think cryptocurrencies were initially formulated like that. ”He said.
Bailey stated that good earning payments should have a stable value and there should be a guarantee for this, which would leave the bank, therefore, to associate it with the flat currency that is associated with the state.
Pointing out that the debates on privacy standards for digital currencies will continue, Bailey said, “This is a big issue to come up. The privacy standards of shipments in any digital currency and the issue of where the public interest lies. made his comment.
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