Скачать или смотреть Dominican Republic’s Top Financial Regulator Issues Crypto Warning

Latin America

Regulation

Crypto lacks the credentials to become legal tender, Superintendent of Banks claims

Last updated:

August 21, 2024 at 14:30 GMT+3

Author

Tim Alper

Author

Tim Alper

Author Profile

Share

Copied

Last updated:

August 21, 2024 at 14:30 GMT+3

Why Trust Cryptonews

With over a decade of crypto coverage, Cryptonews delivers authoritative insights you can rely on. Our veteran team of journalists and analysts combines in-depth market knowledge with hands-on testing of blockchain technologies. We maintain strict editorial standards, ensuring factual accuracy and impartial reporting on both established cryptocurrencies and emerging projects. Our longstanding presence in the industry and commitment to quality journalism make Cryptonews a trusted source in the dynamic world of digital assets. Read more about Cryptonews

The Dominican Republic’s top financial regulator has issued the nation’s citizens with a warning about the dangers of investing in crypto.

Per Acento, Alejandro Fernández, the Dominican Superintendent of Banks, said that the “official position” of the Monetary Board toward crypto was “one of prudence.”

He also told Dominicans that crypto did not have the credentials to become “legal tender” in the country.

Dominican Republic: Crypto Doesn’t Have What It Takes to Become Legal Tender.

The Monetary Board is the body that governs official bodies such as the Central Bank of the Dominican Republic.

Fernández said that there were “risks and...

https://cryptonews.com/news/dominican...

#crypto #bitcoin #ethereum #cryptocurrency #news #blockchain #litecoin #cryptonews #cryptonewstoday #cryptoworld #cryptoworldnews
***NOT FINANCIAL, LEGAL, OR TAX ADVICE! JUST OPINION! I AM NOT AN EXPERT! I DO NOT GUARANTEE A PARTICULAR OUTCOME I HAVE NO INSIDE KNOWLEDGE! YOU NEED TO DO YOUR OWN RESEARCH AND MAKE YOUR OWN DECISIONS! THIS IS JUST ENTERTAINMENT!

This information is what was found publicly on the internet. This information could’ve been doctored or misrepresented by the internet. All information is meant for public awareness and is public domain. This information is not intended to slander harm or defame any of the actors involved but to show what was said through their social media accounts. Please take this information and do your own research.

bitcoin, blockchain, crypto, cryptocurrency, altcoin, investment, ethereum, bitcoin crash, xrp, cardano, ripple