Spain Prepares Registry for Cryptocurrency Exchanges and Custody Providers
The authorities of Spain must prepare a registry of cryptocurrency exchanges and custody providers to comply with legal requirements to address transparency and terrorism financing issues. This registry is specified by the Prevention of Money Laundering and Financing of Terrorism Law, approved last year. The process, which started in April, gives these service providers until October to register. Spain to Create Virtual Asset Provider Registry The Bank of Spain must determine the requirements to start registering cryptocurrency exchanges and custody providers, as determined by....
Related News
The Bank of Spain has already included 17 virtual asset service providers in its own registry, in which cryptocurrency exchanges and custody providers must be listed to operate, according to Spanish law. Three new companies were included last week, but big names in the crypto ecosystem are still not registered.
Bank of Spain Crypto Registry Reaches 17 Companies
The registry of virtual asset service providers (VASPs) of the Bank of Spain reached a number of 17 companies last week, with the inclusion of three more crypto businesses. The registry added several exchanges and custody....
The Bank Of Spain has finally opened the mandatory registry for Virtual Asset Service Providers (VASPs) in the country. The bank also dispelled doubts that financial institutions had regarding whether they had to apply for the registry given they already comply with AML legislation. All institutions and persons must apply for the registry if they want to provide crypto-related services in Spain.
Registry Opened for VASPs
The Bank of Spain has finally opened the registry for Virtual Asset Service Providers (VASPs) in the country and clarified its scope and the kind of companies....
All individuals and institutions in the country, including banks, will have to sign up using the new AML registry from the Bank of Spain. The central bank of Spain is introducing new registration guidelines for local virtual currency service providers, or VASPs, including banking institutions.The Bank of Spain has issued instructions on VASP registration for Anti-Money Laundering, or AML, purposes, requiring institutions to submit their registration requests through an electronic registry, Cointelegraph en Español reported on Monday.Issuing the guidelines on Oct. 19, the Spanish central....
Previously, the Austrian company has obtained licenses in France, Italy, Sweden and Czech Republic. Bitpanda, an Austrian cryptocurrency exchange that was valued at $4.1 billion last summer, have received registration as a virtual currency exchange and digital asset custody service provider in Spain. The company’s name appeared in the Bank of Spain’s registry for crypto enterprises on June 16. The registry itself opened in October 2021. At the moment, it includes 15 companies. Speaking to Cointelegraph, Bitpanda's representative specified that the company has been de-facto operating in the....
Banco de España wants to assess the influence that digitalization has on financial services. Digital currency plans by Spanish banks must now be reported according to sources at the Banco de España, who claimed that the central bank wants to examine the effect that digitalization is having on financial services.The Bank of Spain has been quiet for years on the subject of digital currencies. However, this year, it's stepping up and asserting itself. After establishing a digital currency service providers' registry, it's moving on to the banks.According to a report from Spain's El País, the....