In a press release from the Central Bank of Spain, it was warned that cryptocurrencies are not legal in Europe, and it was announced that cryptocurrencies are not legal in Spain.. Interest in cryptocurrencies in Spain has been on the rise for a while, and due to this increase, the Spanish Central Bank manager had to make a new statement. The manager of the Bank of Spain, explained that crypto money is not legal in the European Union and Spain, is not regulated by law and is not a means of payment, and advised everyone to be careful about this.
Cryptocurrencies will not be a currency or a means of payment in the future, today According to the Spanish Central Bank administrator, who explained that they are not a currency or a means of payment, those who buy cryptocurrencies take a big risk and those who own cryptocurrencies should be very careful because they are not legally regulated.
Central banks are not ready
Central banks are not yet ready to regulate cryptocurrencies. They won’t be ready unless they are regulated by the USA.. The laws of the USA, which all the countries of the world examine, are changed by many countries according to the country, and then, because it is presented as “our own law”, if the United States regulates cryptocurrencies, the USA can regulate it, and then other countries can say “we made our own regulation”. waiting is not something that can happen soon. Although the statement of the Spanish Central Bank manager, which coincides with the recent rise of the Bitcoin price, is correct, it is not a statement that requires investors to exit the market.. Investors can continue to own cryptocurrencies, but these statements about being aware of the risks do not require that any prohibition or pressure will be applied. It is necessary to follow the statements of government institutions.