Bank of Spain Registers 17 Crypto Companies, But Big Names Still Missing – Regulated Bitcoin News

According to Spanish law, the Bank of Spain has included 17 virtual asset service providers in its own registry where cryptocurrency exchanges and custody providers must be listed in order to operate. Three new companies were included last week, but the big names in the crypto ecosystem are still not registered.

Spanish Bank Crypto Registry Covers 17 Companies

Spanish Bank Virtual Asset Service Provider (VASP) Registration arrive There were 17 companies last week, including another 3 crypto businesses. The registry added several exchanges and custodians in June, including Jobchain España, Jobchain Austria, Criptan Trade, Eurocoin Broker, Lemacoin Crypto Solutions, Bitpanda and Vottun.

The registration of these companies accelerated in June, with most cryptocurrency exchanges registering local companies that want to ensure they comply with Spanish law.Since the bank opened the registry last year, it has added several crypto companies, starting with Bit2me, which is officially recognized in February.The registry now includes CR Tecnología y Finanzas, Bitcoininforme, Bit Base, Blox, Trade Republic Bank, Globalstar Technologies, Onyze Digital Assets, Bitgo Deutschland and Bitcoin In addition to the above companies, direct access to Europe.

The cryptocurrency registry, a mandatory requirement for cryptocurrency companies operating in the country, was created in a change to Spanish law, which now requires cryptocurrency companies to follow certain guidelines to prevent money laundering and terrorist financing.


Big names are still missing

While registration has been very successful among local companies, enabling them to register their business and implement compliance tools for money laundering purposes, acceptance by large international exchanges has been less successful. Names like Binance and other large exchanges remain off the list and are part of a list of exchanges currently on the fringes of regulation.

Specifically, Binance has been added to a greylist issued by the Bank of Spain, which includes cryptocurrency exchanges operating in the country.The company recently rebuke The country’s securities regulator, CMNV, ordered Binance to stop offering cryptocurrency-related derivatives, including futures contracts, to Spanish users of its platform.

According to reports, the company is already in talks to be included in the Spanish bank’s cryptocurrency registry, but has yet to receive approval from the central bank.

What do you think of the progress of the Spanish bank cryptocurrency registry? Let us know in the comments section below.

Sergio Goshenko

Sergio is a cryptocurrency journalist in Venezuela. He describes himself as late to the game, entering the crypto space when prices rose in December 2017. With a background in computer engineering, living in Venezuela, and being affected by the cryptocurrency craze on a social level, he offers a different perspective on the success of cryptocurrencies and how it can help the unbanked and underserved.

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