The CNMV warns again against investing in cryptocurrencies in Spain

The President of the National Securities Markets Commission (CNMV) of Spain, Rodrigo Buenaventura, spoke again about cryptocurrencies and warned of the risk of generating high returns on investments that he classified as “particularly risky or suspicious”. in times of crisis with reference to crypto assets. This was reported in an article by Cantabria Económica.

In a meeting organized by the General Council of Economists As Buenaventura pointed out, “There is a breeding ground for high-profit messages to achieve more.” At that meeting, he pointed out that more people now have access to technology that allows them to trade through mobile devices.

“There are risks to this, either from questionable assets or risky decisions or fraud,” he noted.

The CNMV warns again against investing in cryptocurrencies in Spain
The CNMV warns again against investing in cryptocurrencies in Spain

According to the article, The President of the CNMV said that in view of this, three measures can be taken: â ???? alert (…); advise so that decisions are based as much as possible on professionals, and educate ????.

It’s not the first time the CNMV has issued a warning against investing in cryptocurrencies. In February of this year, it issued a statement with the Bank of Spain warning of the risks of investing in this type of asset, pointing out the lack of legislation, extreme price volatility and the inability to be used as legal tender? ???, they remembered in the article.

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