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Bank of Spain Approves Its First VASP License

Bank of Spain Approves Its First VASP LicenseThe Bank of Spain, the central bank of the country, has recognized the first cryptocurrency platform that will be able to operate and provide officially approved services in the country. The first exchange to receive this approval was Bit2me, which is now approved to act as a virtual asset service provider (VASP). While this is […]

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Bank of Spain Opens Mandatory Registry for VASPs

Bank of Spain Opens Mandatory Registry for VASPsThe 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 […]

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Bank of Spain Criticizes El Salvador’s Foray Into Bitcoin

Bank of Spain Criticizes El Salvador’s Foray Into BitcoinThe Bank of Spain, the central bank of the country, criticized the adoption process El Salvador chose when declaring Bitcoin legal tender last month. In a report titled “The role of crypto assets as legal tender: the example of El Salvador,” the bank examines several pain points the country encountered while applying its bitcoin strategy, […]

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Mica Law Draft Designates CNMV and Bank of Spain as Crypto Watchdogs

Mica Law Draft Designates CNMV and Bank of Spain as Crypto WatchdogsThe latest Mica (Europe’s Markets in Crypto-Assets Regulation) revision designates the CNMV and the Bank of Spain as the main cryptocurrency watchdogs in the country. The draft also stipulates that companies offering services in the EU will need to be based in a European country. The norm excludes NFTs, for now. Experts state the law […]

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