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.