The governor made these comments whilst giving a talk to students at London’s Regent’s University. Mr Carney said: “It has pretty much failed thus far on ... the traditional aspects of money. It is not a store of value because it is all over the map. Nobody uses it as a medium of exchange.” Like many others he believes that blockchain, the underlying technology which helps power bitcoin, could be used as a way to verify financial transactions in a decentralised way. He also spoke about Brexit and said that in order to make the UK’s departure from the European Union (EU) as smooth as possible, British regulators ... (full story)