Join the larget crypto conference of 2022 in Bitcoin


Bank of England research claims metaverse may lead financial instability

0
(0)
Bank of England research claims metaverse may lead financial instability 2

Widespread use of Metaverse may push the adoption of cryptocurrencies and it may further result in huge financial instability, research by the Bank of England claimed.

Bank of England, a central Bank, is popularly known as the biggest critic of cryptocurrencies but still, its multiple researchers admitted many times that cryptocurrencies have potential & blockchain technology can shake the global financial economy because of its better use cases & decentralized nature.

Recently Bloomberg reported that research by Owen Lock and Teresa Cascino from the Bank of England claimed that a significant volume of real-world fund transactions can be done via cryptocurrencies. So such types of crypto contribution in the real-world use case may result in a significant impact on the real-world financial systems.

Research also noted that policymakers should introduce highly restricted laws to ensure the safety of investors and also in favor of the traditional financial system. In particular, they talked about the use case of cryptocurrencies in the Metaverse, a next-level virtual reality project.

“The importance of crypto assets in the open-metaverse means that if an open and decentralized metaverse grows, existing risks from crypto assets may scale to have systemic financial stability consequences,” Research said.

So, policymakers needed to ensure that they are taking steps against the possible risks associated with crypto use in Metaverse.

In a neutral situation, Lock and Cascino thinks that people will spend the majority of their time in the Metaverse to connect with people and also complete all their possible online needs like entertainment & shopping, etc. And all these will happen via cryptocurrency use, which means a huge amount of fiat value will remain in Crypto assets. 

However such research should be taken as tension among the Metaverse proponents but still many Metaverse linked proponents from crypto Industry showed significant happiness because of such research & report because these are just like a mirror to show the potential of Cryptocurrencies.

Read also: Our sole plan is to support the Ethereum PoS chain, Says Circle

Bank of England research claims metaverse may lead financial instability

 

https://bitcoinik.com/bank-of-england-research-claims-metaverse-may-lead-financial-instability/feed/

https://bitcoinik.com/bank-of-england-research-claims-metaverse-may-lead-financial-instability/feed/

 

 

 

 

 

Ads by Cryptonews24

 

koinswap

πŸš€πŸš€Get ready for the biggest ICO of 2022.
βœ…ICO starts from August 16, 2022
βœ…ICO= Initial Coin Offering. Where you can purchase tokens at base price.
βœ…ICO has different rounds with different price.
βœ…Round-1 price: $0.0005
βœ…Round-2 price: $0.001
βœ…Round-3 price: $0.002
βœ…Round-4 price: $0.004
βœ…Round-5 price: $0.008

πŸ‘‰ICO will be finished on September 15, 2022.
πŸ‘‰Trading will start after ICO completion.

πŸš€πŸš€EXCHANGE LISTING PRICE: $0.02 per KST. That is 40x than ICO Round-1 (Seed round)πŸš€πŸš€

πŸ‘©πŸ»β€πŸ’»For more details pls read pdf in marketing tools section in dashboard.

#koinswap #kst #nft #metaverse #blockchain

π™π™€π™‚π™„π™Žπ™π™π˜Όπ™π™„π™Šπ™‰ π™‡π™„π™‰π™†πŸ‘‡πŸ½
https://koinswap.io/register?referralcode=CFxqfP
β–¬β–¬β–¬β–¬β–¬β–¬β–¬β–¬β–¬β–¬β–¬β–¬β–¬β–¬

THIS IS A LIFE CHANGING OPPORTUNITY

*REGISTER N VERIFY UR MAIL N GET 1000 COIN FOR FREE*

TODAY KOINSWAP IS GIVING US 1000 COIN FREE BUT NO ONE CARE TO TAKE IT
πŸ‘‡πŸ‘‡πŸ‘‡πŸ‘‡πŸ‘‡πŸ‘‡
https://koinswap.io/register?referralcode=CFxqfP

JOIN THE GROUP FOR MORE UPDATES
https://chat.whatsapp.com/BGUVkqhI6mg1p9XdJXzBwl

In 2009 you missed# BITCOIN
2014 you missed# DOGE
2015 you missed# XRP
2016 you missed# ETH
2017 you missed# ADA
2018 you missed# BNB
2019 you missed# LINK
2020 you missed# DOT
2021 you missed# SHIBA

https://koinswap.io/register?referralcode=CFxqfP

—————————————————————————————————————————————-

Ads by Cryptonews24

 

 

 

Risk Reminder:
Trading foreign exchange and/or contracts for differences on margin carries a high level of risk and may not be suitable for all investors.
The possibility exists that you could sustain a loss in excess of your deposited funds.
Before deciding to trade the products reviewed by Cryptonews24.eu, you should carefully consider your objectives, financial situation, needs and level of experience.
You should be aware of all the risks associated with trading on margin.
Cryptonews24.eu provides general news and advice that does not consider your objectives, financial situation or needs.
The content of this website must not be construed as personal advice.
Cryptonews24.eu recommends you seek advice from a separate financial advisor.
Nothing on this website should be considered financial advice.
This website is for informational purposes only and you should not rely on anything that is printed or said on this website to make any financial decisions.

 

How useful was this post?

Click on a star to rate it!

Average rating 0 / 5. Vote count: 0

No votes so far! Be the first to rate this post.

TELEGRAM
Cryptonews24 Channel Chat