Bank of England's Bailey calls crypto-currencies 'dangerous'

FILE PHOTO: Bank of England Governor Andrew Bailey poses for a photograph on the first day of his new role at the Central Bank in London, Britain March 16, 2020. Tolga Akmen/Pool via REUTERS

LONDON (Reuters) - Bank of England Governor Andrew Bailey said on Monday that crypto-currencies and similar assets were a danger to the public, reiterating his long-standing concern about them.

"I'm sceptical about crypto-assets, frankly, because they're dangerous and there's a huge enthusiasm out there," Bailey told the British parliament's Treasury Committee.