Will cryptoassets really continue to be extremely risky?

Bitcoin's Halving is approaching and speculations and campaigns against the cryptocurrency market are not long in coming and appear to the order of the day seeking to create an unfavorable scenario, fortunately the market over time has been maturing and has made states and financial institutions begin to see cryptocurrencies in a positive way.

The truth is that in an article I found today in has indicated that in Spain they claim that cryptoassets will continue to be dangerous even if they are regulated, this according to the president of the CNMV who has warned that cryptoassets will continue to be "extremely risky" and "not recommended".

In this sense and in the words of Rodrigo Buenaventura, president of the National Securities Market Commission, has made an intervention in the Economy Commission of the Congress and in the middle of it has warned that cryptoassets will continue to be "extremely risky" and "not advisable" even if they are regulated.

According to Buenaventura, it is a risk that investors "erroneously" conclude that once cryptoasset providers are regulated and supervised as of December, cryptocurrencies will have the same level of regulation, supervision and protection as financial instruments.

In this context, it is worth remembering that the CNMV published a statement at the end of February in which it revealed its business plan for 2024, and one of the main lines of work was the adoption of the new regulatory standards for cryptoassets.

Cointelegraph. Spain says cryptoassets will remain dangerous even if they are regulated. Link