Spanish central bank backs cryptocurrencies in new report

posted 4 months ago
Spain's central bank, Banco de Espana, has released a report stating that the use of digital currencies, especially when there is a digital version of the state currency, will improve the country's monetary policy. It also states that digital currencies could assist in improving the existing financial infrastructure of the nation.

Director General for Economy at BDE, Galo Nuño, said the use of cryptocurrencies could have a positive impact on the economy. The document also suggests that if the central bank shifts to blockchain, this would help manage interest rates and the money supply better.
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