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Irish Central Bank Official Says Crypto's Popularity Is 'Great Concern'
Derville Rowland, director general of financial conduct at the regulator, warned that investors could lose all their money.
Updated Sep 14, 2021, 1:04 p.m. Published May 31, 2021, 11:04 a.m.
A top official at the Central Bank of Ireland has warned investors over the risks of cryptocurrencies.
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- 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."
- The comments come after several central bank governors, including Andrew Bailey of the Bank of England and Haruhiko Kuroda of the Bank of Japan, have made similar warnings.
- In March, the central bank moved to put cryptocurrency firms on the same footing as mainstream financial services providers, saying they will have to comply with anti-money laundering rules.
- While bitcoin looks to be heading towards the second-worst monthly loss on record, it is still up 25% so far this year.
Read more: Sweden’s Central Bank to Test Digital Currency With Handelsbanken
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- GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
- Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.
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