Cryptocurrencies are digital representations of value or rights, not physical, that use blockchain technology (distributed ledger) to ensure security, ownership, and transfer. They operate in a decentralized manner without traditional financial intermediaries and present high risks due to volatility, not being covered by guarantee funds.

BBVA +3

Main Features:

  • Intangibles:

    They do not physically exist, they are stored electronically in virtual wallets.

  • Decentralized: Based on blockchain networks, they do not depend on a central bank or authority.

  • Insurance: Use cryptography to control the creation of new units and prevent duplication.

  • Versatile: Can act as a means of payment, store of value, or investment.

    EAE Barcelona +3

Types of Crypto Assets:

  • Cryptocurrencies: Bitcoin (BTC), Ethereum (ETH), that function as currencies or store of value.

  • Tokens: Units of value issued on an existing blockchain (like NFTs or utility tokens).

    Fisa Group +4

Key Risks:

  • Extreme Volatility: Prices can fluctuate drastically, with the risk of losing the entire investment.

  • Lack of Regulation: Many operate outside the traditional banking system.