May 23, 2018 / 8:07 AM / 9 months ago

Use of crypto-currencies has more risks than benefits: Bank of Spain head

FILE PHOTO: Spain's Central Bank Governor Luis Maria Linde attends the 2016 Institute of International Finance (IIF) Spring Membership meeting in Madrid, Spain, May 25, 2016. REUTERS/Susana Vera

MADRID (Reuters) - The use of crypto-currencies creates more risks than benefits, the Bank of Spain head Luis Maria Linde said at a conference in Madrid on Wednesday.

Speaking on the rise of new technologies in the banking and financial sectors, Linde also warned that the move to a digital economy came with cybernetic risks and challenges.

Reporting by Paul Day; Editing by Julien Toyer

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