Bitcoin mania continues to pull investors into the fold. Photo / Getty ImagesDigital currencies are not built to last without stronger design and governance, the Bank of England Governor has said. Speaking during an online Davos seminar on Monday, Andrew Bailey welcomed digital innovation in areas such as payments but struck a more sceptical tone on digital currencies like Bitcoin. He said: "Are we here to stay in terms of digital innovation? The Bank of England is examining the potential for a central bank digital currency in response to the rise of crypto-currencies, although the governor has said the case for one was "not a slam dunk".

Source: New Zealand Herald January 25, 2021 22:52 UTC