Bank of Spain chief: tokenization is an 'alternative to cryptocurrencies'
- —Escriva sees tokenization as a way to keep client funds within the regulated system
- —The main risk is capital moving to foreign platforms without KYC procedures
- —The Bank of Spain favors supervised tokenized assets, not cryptocurrencies
Why it matters: A signal that central banks are promoting regulated tokenization as a replacement for crypto, which affects future EU rules.
Source: CriptoNoticias