Bank of Spain Warns About Risk of Extended Use of Unregulated Cryptocurrencies in the Country – Bitcoin News

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The deputy governor of the Bank of Spain, Margarita Delgado, has issued her opinion about the use of cryptocurrencies and the risks their use brings to the economy of nations like Spain.

Bank of Spain Warns About Risk of Extended Use of Unregulated Cryptocurrencies in the Country

The deputy governor of the Bank of Spain, Margarita Delgado, gave her opinion about cryptocurrencies and how they are increasing the risks in today’s economy. At an event hosted by PWC called “A climate of change,” Delgado explained that the continued and extended use of cryptocurrencies might bring different kinds of risks to the 12% of the population currently holding crypto.The deputy governor of the Bank of Spain, Margarita Delgado, has issued her opinion about the use of cryptocurrencies and how they might affect the country’s economy. The

were offered in a speech given at an event hosted by the multinational professional services network PWC, called “a climate of change,” which centered its focus on the changing nature of the financial world.The deputy governor stated that the extended use of cryptocurrencies brings a series of risks to the system, including the general lack of knowledge that the people using these assets have on the subject.

 

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Do they think we lack knowledge on Crypto?

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What about the general lack of knowledge about traditional finance thanks to the lack of education of young people who are expected to participate in the existing system? I find it mind-boggling that the world of finance isn't taught at schools globally.

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Lol, while some countries adopt BTC and cooperate with Tether others just ban themselves from progress. The time will tell who was right.

Not a single country has yet collapsed because of crypto. I think that people should be able to own different assets. Including crypto Tether, Bitcoin etc.

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I think it's much more risky to abandon crypto currencies now. Many people have long since switched to storing their money in tether, ethereum or bitcoin. And the adoption of crypto gives us new perspectives.

Banks can try to work with some crypto exchanges like BFX first

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The defaulted economy of nations like Spain she should say to be honest

Margarita Delgado made some important points in this piece but everything boils down to cryptocurrency education. Knowledge of cryptocurrency is what will make sure the 12% that owns cryptocurrency in Spain understands the risks and benefits. What they need is govt support

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Well recently Gaofyork is day trading on crypto and making sure people are earnings as low as $500k after 1-2 months of trading, I’m keeping up with this for the main time. You can actually start with a minimum of $300 there is a funding program for newbies too Gaofyork

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