Pablo Hernandez de Cos, governor of the Bank of Spain, has again warned about cryptocurrencies and the growth that the crypto market is experiencing.
The governor of the Bank of Spain has warned about the risks of letting the growing cryptocurrency markets mix with traditional financial institutions.
Furthermore, Hernandez de Cos explained that the trading volume of some of the most important assets, like bitcoin, ethereum, and tether, are already near the volumes traded by the New York Stock Exchange during some sessions.
This is not the first time the Bank of Spain has warned about the risks associated with crypto in traditional markets.
Having a computer engineering background, living in Venezuela, and being impacted by the cryptocurrency boom at a social level, he offers a different point of view about crypto success and how it helps the unbanked and underserved.
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