Spanish Central Bank Sees Cryptocurrencies as a Positive Development

Blockchain Cryptocurrency Europe Spain

The Spanish Central Bank recently released a favourable report for cryptocurrencies stating that it would help in making monetary policy easier.

In its latest report, the Spanish Central Bank, Banco de Espana (BDE) expressed its favourable outlook on cryptocurrencies – but only if the country’s currency goes digital.

According to the report, blockchain and cryptos could improve the effectiveness of the nation’s money supply tracking efforts. Moreover, shifting to blockchain could help with interest rates management.

However, the document does state, that positive effects could only be expected if it was the central bank that issues digital currencies.

About the author

Mark Knowles

Mark Knowles

Coinlaw Multi-Jurisdiction Blockchain News
Mark Knowles is the Executive Editor of coinlaw.io
With more than a decade of experience as a journalist and editor, Mark has now turned his focus to the blockchain and cryptocurrency revolution that is currently reshaping the global economy. As Executive Editor at Coinlaw Mark is working to create a website that is a hub for the international crypto community to find the latest legal news, legislative changes and expert opinion from across the industry. Contact him at [email protected] or through mobile on +66 (0) 98 705 2716.

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