Bank of Spain report warns about cryptocurrency usage and its effect on financial stability

04/27 11:01

The Bank of Spain has issued a new report that touches on the subject of the popularity of cryptocurrency usage and the possible effects it might have on the financial stability of the nation. In the document, the bank explains that these assets — which ostensibly don’t have any kind of support behind them — can introduce systemic risks via their adoption by traditional institutions and the lack of regulation over them. The document clarifies that: In this context of lack of its own national regulation on crypto assets, the Bank of Spain does not currently have the capacity to regulate, authorize or supervise the operation of crypto asset markets or their participants.
bullishbullishbullish9bearishbearishbearishBajistaMe gustaCompartir
Descargo de responsabilidadEl contenido anterior no representa las posiciones de HTX.HTX no ofrece ninguna recomendación de trading.

Artículos relacionados

  • Image

    No Bitcoin Buy This Monday: Strategy Opts For Bonds Instead

  • Image

    New York Lawsuit Takes Aim At 3.79 Million Dormant Bitcoin

  • Image

    VItalik Buterin Defends Long-Term Vision Amid Token Price Concerns

Todos los comentarios0Lo más recientePopular

avatar
Lo más recientePopular

Artículos relacionados

  • Image

    No Bitcoin Buy This Monday: Strategy Opts For Bonds Instead

  • Image

    New York Lawsuit Takes Aim At 3.79 Million Dormant Bitcoin

  • Image

    VItalik Buterin Defends Long-Term Vision Amid Token Price Concerns