Irish Central Bank Official Says Crypto’s Popularity Is ‘Great Concern’

Irish Central Bank Official Says Crypto’s Popularity Is ‘Great Concern’

A top official at the Central Bank of Ireland has warned investors over the risks of cryptocurrencies.

Derville Rowland, director general of financial conduct at the central bank, told Independent.ie on Monday that the growth in popularity of cryptocurrencies is “of great concern.”

“Crypto assets are quite a speculative, unregulated investment,” she said, adding that the public should be “really aware they could lose the whole of that investment.”