Bank of Spain to Weigh Digital Currency Design Proposals, ‘Implications’ Thro...

Following initial discussions with the Bank of Canada, four top universities have submitted design proposals for a central bank digital currency. Major Canadian universities have submitted new research to the Bank of Canada centered around the development of a central bank digital currency, or CBDC, underscoring the innovation underway in this space. The research began last year after the BoC engaged four institutions around potential designs for a national cryptocurrency. A total of three proposals were published simultaneously on Thursday. Notably, each proposal was based on the....

In a speech on Monday, Yves Mersch, Member of the Executive Board of the European Central Bank (ECB), discussed how the bank could design, issue, and manage a central bank digital currency for everyone, to be used alongside cash. One of the two types considered was a cash-like digital currency with anonymity. The proposed central bank digital currency or....

Barcelona city council is reportedly working to launch its own digital currency in the next six months. According to reports from El Pais, one of Spain's leading national newspapers, mayor Ada Colau's government is hoping the digital currency will stimulate local commerce. Though it remains unclear whether the proposed currency is strictly a cryptocurrency, the council has said that users will be able to store their holdings in mobile wallets and exchange them into fiat. In addition, civil workers will be able to receive part of their salary in the new digital currency. Businesses in the....

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....

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....