Mining company Bitfarms moves the power of the data center de la Pointe to a remote area of ​​Quebec from settlements: “Cryptocurrencies are a “hotbed” for crimes” – Bits Media

“Cryptocurrencies are a “hotbed” for crimes”, “Cryptocurrencies are a “hotbed” for crimes”, therefore called on regulators to tighten the fight against cryptocurrency fraud.

About this Andrew Bailey (Andrew Bailey) stated at the “Stop Scams” ​​conference, organized by the Central Bank this week. Bailey called cryptocurrencies the new “front line” in criminal scams, which are increasingly used by hackers, scammers and other offenders. Bailey called on the banks, technology companies and government agencies to collaborate with the Bank of England, to stop illegal activities with cryptocurrencies. At the same time, he is very pessimistic and believes, that this work "will never be completed".

"Just wonder: “What people, committing hacker attacks to obtain ransom, usually required as payment?” The correct answer is cryptocurrencies", - said the Governor of the Central Bank of England.

He also criticized cryptocurrency users, who believe, that they should not be subject to sanctions, introduced against Russia in connection with military actions in Ukraine. According to Bailey, all people live in the same world, and dissatisfied users will have to reckon with it, because this is their world too.

However, British Chancellor of the Exchequer John Glen (John Glen) not such an ardent opponent of cryptocurrencies, like Bailey. Against, Glen proposed making the country an international cryptocurrency hub. By creating favorable conditions for their development, UK will be able to attract investment, create new jobs, and also introduce a number of revolutionary products and services, Glen thinks.

This week the UK Ministry of Economy and Finance announced its intention to amend current legislation, according to which stablecoins can be considered an acceptable form of payment.