Last Updated: 31 January 2021
The recent performance of cryptocurrencies has left many financial experts and lawmakers in awe. Now, everyone is chomping at the bit to make comments on them. This week, Gabriel Makhlouf, the Governor of the Central Bank of Ireland, raised concerns about cryptocurrency investments and the risks involved.
A Risky Space that Regulators Should Monitor Closely
Speaking in an interview with Bloomberg, Makhlous, who also sits on the European Central Bank (ECB) ‘s governing council, explained that he is a massive believer in cryptocurrencies and their ability to transform the global economy. However, the policymakers also explained that the industry remains highly risky.