The dark side of cryptocurrency

Digital money | Gift of the gab | Scottish national dress | Birds and the bees | Targeting ThatcherAndrew Bailey is right to distance the British financial system from cryptocurrency, but he is being too polite about it (Editorial, 29 July). Cryptocurrency is evil. Being speculative in nature, it serves no purpose as a useful currency, and being secretive, it facilitates international drug dealing, people trafficking and terrorism. In addition to helping destabilise our precarious world, it has a huge, unnecessary carbon footprint. It’s time for our financial authorities to speak truth to money.Nick MakepeaceNarberth, Pembrokeshire• At my primary school in 1948 I was sent almost daily to the headmaster, who would give me two painful whacks on each of my hands – all for talking in class. I now appreciate that I simply suffered, well before my time, from an excess of “oracy” (Letters, 1 August).Alan WoolleyWeybridge, Surrey Continue reading...

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