Pablo Hernández de Cos, Governor of the Bank of Spain, demanded that the government increase its influence on the cryptocurrency market.
Making a statement on February 21, the Governor of the Bank of Spain, Hernandez, announced that the government officials in the country were not interested in the crypto money market. monitoring, regulating and controlling wanted.
Hernández de Cos said in his statements:
Action is essential to curb the dangers posed by major cryptocurrencies like Bitcoin and Ethereum, stablecoins like Tether (USDT), and the DeFi industry.
said.
Also, Hernandez is concerned with cryptocurrency regulation in the country. Everyone in authority should cooperate told.
Cryptocurrencies not only the harm but also the benefits Mentioning that, Hernandez stated that it can be useful in developing payment systems. But nevertheless greater than the dangers that may come and without being regulated explained that its use can be very inconvenient.
Spain, on February 17th, regulated crypto ads. the law was enacted. Hernandez stated that this law that it is vital He said he was thinking.