Bank of Spain Report Warns About Cryptocurrency Usage and Its Effect on Finan...
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. Crypto Assets Could Cause Systemic Risks According to the Bank of Spain The Bank of Spain has issued a new report where it warns about the....
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The Bank of Spain has issued a new report about the performance of Latam economies during the first six months of the year. The document states that the current inflationary development that several countries of the region have can lead to institutional instability, even as the region is still recovering from the Covid-19 pandemic.
Bank of Spain Report Founds Latam Is Still Vulnerable
The Bank of Spain has recently issued a report where it examines the economic situation that Latam as a whole is going through after the Covid-19 pandemic. The report, which explains how the economy....
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.
Deputy Governor of Bank of Spain Examines Crypto Risks
The deputy governor of the Bank of Spain, Margarita Delgado, has issued her opinion about the use of cryptocurrencies and how....
Banco de España wants to assess the influence that digitalization has on financial services. Digital currency plans by Spanish banks must now be reported according to sources at the Banco de España, who claimed that the central bank wants to examine the effect that digitalization is having on financial services.The Bank of Spain has been quiet for years on the subject of digital currencies. However, this year, it's stepping up and asserting itself. After establishing a digital currency service providers' registry, it's moving on to the banks.According to a report from Spain's El País, the....
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 stated that the direct or indirect exposure to these assets would increase the risks associated with the financial institutions. De Cos also stated that while this exposure is still low, it is constantly going up due to the integration of crypto services within these platforms.
Governor of Bank of Spain Notes Risks Associated With Banks Integrating Crypto Services
The Governor of the Bank of Spain,....
The results of a new report commissioned by the CNMV, the securities watchdog in Spain, have found that three out of four citizens have heard about cryptocurrencies. However, the report, which included opinions from 1,500 participants, also found that this knowledge is still minimal, and that less than 10% have actually purchased cryptocurrency as a means of investment.
CNMV Reveals Results of Crypto Study
The CNMV, the institution that oversees the securities markets in Spain, has revealed the results of its latest cryptocurrency report. The study, commissioned by the....