Spain's central bank, by issuing a new statement, reminded citizens of the country that crypto coins are not yet completely legal and warned citizens in this direction.
A few days ago, the Spanish Bank published a text on crypto coins and shared some information on the general characteristics and legal status of these assets. In this text, the Central Bank also talked about the state of crypto coins in line with European Union laws.
A few days after sharing this text, the Bank of Spain issued a new statement that warned citizens about investing in crypto money. The bank said this time that crypto coins have not yet been regulated by the Spanish government and warn investors.
The Bank of Spain, which is the country's central bank, emphasizes that crypto coins are not accepted in accordance with the laws of Spain, and that crypto money cannot be protected by law. The Central Bank says that there is no authority to invest in crypto money and help citizens who get lost.
Pablo Hernandez de Cos, the manager of the Bank of Spain, says that crypto coins are not legal yet and that ”They cannot replace money, they are not used as a means of payment“ He says.
Pablo Hernandez argued that even the concept of ı crypto money dahi led to various debates within itself. ”Digital money“ or ”Crypto asset“ He thinks that the names should be addressed.
As stated by the Central Bank, the country's crypto money regulations are not yet fully ready. But the ruling party of Spain Partido Popular, in the past few months, demanded speeding up research on the subject.
The Central Bank of Spain Warned: Crypto Coins Not Legalized yet.