March 2, 2018 / 11:47 AM / 9 months ago

Cryptocurrency rules will be done country-by-country at first - Carney

The Governor of the Bank of England, Mark Carney, speaks to the Scottish Economics Forum, via a live feed, in central London, Britain March 2, 2018. REUTERS/Peter Nicholls

LONDON (Reuters) - Bank of England Governor Mark Carney said that rules for governing cryptocurrencies such as Bitcoin were likely to be introduced on a country-by-country basis before any international push.

“These are national issues. I suspect they will remain national issues for some time,” Carney, who is also chair of a global financial regulation body, the Financial Stability Board, said on Friday.

“I would have greater expectation of a series of national steps rather than some big coordinated approach,” he said in response to a question after delivering a speech on the future of crypto-currencies.

Writing by William Schomberg; Editing by Andy Bruce

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