Joint statement from the Bank of Spain and the CNMV on the risk of cryptocurrencies as an investment

Feb 9th '21

In recent months, numerous cryptocurrencies, including Bitcoin and Ether, have experienced high volatility in their prices, which has been accompanied by an increase significant advertising, sometimes aggressive, to attract investors.


The Bank of Spain and the Spanish  National  Securities  Market  Commission  (CNMV) already warned in 2018 about the risk of this type of investments due, among other factors, to their extreme volatility, complexity and lack of transparency that make them a high risk bet.


Read the press release, here.


Source: CNMV