” As soon as there is bloodshed, we will no longer be Robin Hoods, but a bunch of cretins. » – Did you like it too? You have binge the series without being able to stop you? Without knowing who really were the good guys and the bad guys? Are you more “the teacher”, thoughtful and calm or rather Tokyo, ready to explode? In any case, if you like Bitcoin and cryptocurrencies the Bank of Spain considers you as dangerous as the professor’s gang. Why ? Because some scammers abuse the credulity of the public and smear the image of cryptos with their dirty tricks. While we tend to agree with Tokyo: ” you don’t need money to buy things. We want money to be free. And freedom is very expensive. »
The Spanish mediator sees cryptocurrencies as a problem…
the spanish mediator recently submitted its annual report on Bitcoin and the cryptocurrencies. And the least we can say is that it is rather negative! They are – I quote – “ a new problem. »
” Cryptocurrency exchange companies or platforms are not regulated by the legal system, are not subject to any public oversight system, nor do they benefit from deposit guarantee schemes. »
Angel Gabilondo, the Spanish mediator in his conclusion – Source: government report
According to its services, a significant number of consumers would have been cheated by misleading processes and would have thus lost all or part of their investments. The CNMV – country’s securities regulator – also warned about the risk of using cryptocurrencies as financial investments.
The report also indicates that the recovery mechanisms current ones are too ineffective in the face of the threat. These do not protect properly the citizens against the risk of financial loss. This is why the Spanish authorities have asked Europe to get involved.
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…and Europe tends to agree with him!
To help European customers with dishonest financial structuresthe EU wants to create the Financial Customer Protection Authority. It would be a sort of remedy for consumers cheated on a European scale. And this within the framework of the law Mica – Markets in Crypto Assets – which was recently voted in the European Parliament. Do you remember ? We talked about it a lot… He was – especially -issue of banning cryptos based on proof of work like Bitcoin. No ? Read this and come back later.
European Union supervisory authorities have finally issued a statement explaining that cryptocurrencies “ not suitable for most small consumers as an investment or as a means of payment or exchange “. And that, moreover, “consumers face the very real possibility of losing all of their invested money if they purchase these assets”.
You will understand, the cryptocurrencies are not recommended by theEU nor by the Spanish authorities. There is certainly a need for education and protection of the population, but from there to ban everything in prevention, that seems a bit excessive. ” It is a declaration of war. We are the resistance and we are not going to hide. said the Professor. O bella ciao, bella ciao, bella ciao ciao ciao…
Cia ciao the fiats, holà holà cryptos! Like El profesor in the Casa de Papel, prepare your exit in style and get a head start by joining Kucoinreference platform to buy and resell its cryptos (affiliate link).