Spanish Central Bank Governor Believes Crypto Brings More Risk Than Benefit

The governor of the Bank of Spain has come out in favor of the possibilities of blockchain, but against the risks of cryptocurrencies, local news outlet Europe Press Financial reports Wednesday, May 23.

Luis María Linde referred to blockchain as a technology that “offers interesting possibilities,” but is yet “not quite mature” in a speech at a meeting of leaders of the financial sector organized by Deloitte and two Spanish organizations. Linde notes that the current global move to a digital economy requires regulators to encourage innovation without bringing the risks beyond “reasonable limits:”

“The move to a more digital economy is accompanied…