Allgemein Approved to Operate in Spain: Unlocking New Opportunities

• has been approved to operate as a virtual asset service provider by Spain’s central bank following an extensive compliance review.
• This registration will allow to offer its products and services to users in Spain.
• The new Markets in Crypto Assets (MiCA) framework is expected to be implemented across the European Union soon. Approved to Operate in Spain

Crypto exchange platform has recently received registration as a virtual asset service provider (VASP) from the Bank of Spain, allowing them to offer their suite of products and services to Spanish users. This approval follows what the company said was a “comprehensive” compliance review with Anti-Money Laundering Directive (AMLD) and other financial crimes laws.

Other Companies Who Have Registered with Bank of Spain

The Bank of Spain opened a registry for crypto service providers in 2021, and since then, firms like Binance, Bitstamp and banking platform BVNK have registered with the regulator as well.

New Standards & Requirements under MiCA Framework

The European Union’s new Markets in Crypto Assets (MiCA) framework is currently finalized, and regulators in member states like Spain are about to start applying new standards and requirements according to this framework.

Commitment from Crypto Exchange Platform CEO

Kris Marszalek, CEO of stated that receiving VASP registration from the Bank of Spain serves as a testament to their commitment towards compliance when advancing blockchain technology responsibly.

Wind Down U.S Institutional Business?

According to recent reports, it appears that the crypto exchange platform may be winding down its U.S institutional business due to uncertain regulations surrounding digital assets within the country, although no official announcement has been made yet on this matter .