Ireland’s Central Bank chief is no fan of cryptocurrency.
During a parliamentary session in Dublin on Wednesday, Gabriel Makhlouf told Irish lawmakers that the Central Bank was “very concerned” about the risks retail customers face when investing in “unbacked” cryptocurrencies, according to a report from Bloomberg.
Makhlouf added that cryptocurrency has “no social value whatsoever,” but he ultimately took a more laissez-faire attitude towards allowing retail investors to purchase crypto.
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