Auto Added by WPeMatico

Governor of Bank of Spain: Crypto Markets Are ‘Bigger Than Subprime Mortgages Before the Financial Market Crisis’

Pablo Hernandez de Cos, governor of the Bank of Spain, has again warned about cryptocurrencies and the growth that the crypto market is experiencing. Hernandes de Cos stated that, while…

Continue ReadingGovernor of Bank of Spain: Crypto Markets Are ‘Bigger Than Subprime Mortgages Before the Financial Market Crisis’

Bank of Spain Governor Highlights Need for Fast Regulation in Defi and Crypto

Pablo Hernández de Cos, governor of the Bank of Spain and chair of the Basel Committee on Banking Supervision, explained that the cryptocurrency space and decentralized finance (defi) need to…

Continue ReadingBank of Spain Governor Highlights Need for Fast Regulation in Defi and Crypto

Spanish Securities Regulator Orders Binance to Stop Offering Cryptocurrency Derivatives

The Spanish securities regulator, the CNMV, has ordered Binance to stop offering cryptocurrency derivative products to customers in the country. According to local media, the crypto exchange giant has followed…

Continue ReadingSpanish Securities Regulator Orders Binance to Stop Offering Cryptocurrency Derivatives

Bank of Spain Report Warns About Cryptocurrency Usage and Its Effect on Financial Stability

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…

Continue ReadingBank of Spain Report Warns About Cryptocurrency Usage and Its Effect on Financial Stability

Bank of Spain Reminds Public Cryptocurrency Purchases Can Be Blocked in Certain Cases

The Spanish central bank, Bank of Spain, has warned users about certain actions banks can take if they detect cryptocurrency purchases. In a post published on its web page, the…

Continue ReadingBank of Spain Reminds Public Cryptocurrency Purchases Can Be Blocked in Certain Cases

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…

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

Ombudsman Receives Complaints About Crypto Investments in Spain

The Spanish ombudsman has been receiving complaints about cryptocurrency and how some Spanish citizens investing in these vehicles have lost everything. In his annual report, Angel Gabilondo recognized the rise…

Continue ReadingOmbudsman Receives Complaints About Crypto Investments in Spain

Bank of Spain Governor Warns About Traditional Banking’s Exposure to Crypto Assets

The Governor of the Bank of Spain has alerted the public about the risks mixing traditional banks with crypto assets might bring to the economic system. Pablo Hernández de Cos…

Continue ReadingBank of Spain Governor Warns About Traditional Banking’s Exposure to Crypto Assets