Bank of Spain Has Registered 17 Crypto Companies, Big Names Still Missing

The Bank of Spain has already included 17 virtual plus work providers successful its ain registry, successful which cryptocurrency exchanges and custody providers indispensable beryllium listed to operate, according to Spanish law. Three caller companies were included past week, but large names successful the crypto ecosystem are inactive not registered.

Bank of Spain Crypto Registry Reaches 17 Companies

The registry of virtual plus work providers (VASPs) of the Bank of Spain reached a fig of 17 companies past week, with the inclusion of 3 much crypto businesses. The registry added respective exchanges and custody companies June, including Jobchain España, Jobchain Austria, Criptan Trade, Eurocoin Broker, Lemacoin Crypto Solutions, Bitpanda, and Vottun.

The registry of these companies has accelerated successful June, with astir of the cryptocurrency exchanges registering being section companies that privation to beryllium definite they are compliant with Spanish laws. Since the slope opened its registry past year, it has added respective crypto companies, starting with Bit2me, which was approved successful February. The registry present includes C.R. Tecnología y Finanzas, Bitcoininforme, Bit Base, Blox, Trade Republic Bank, Globalstar Technologies, Onyze Digital Assets, Bitgo Deutschland, and BTC Direct Europe, isolated from the companies mentioned above.

The crypto registry is mandatory for crypto companies to run successful the country, and was created successful a alteration to a Spanish instrumentality that present requires crypto companies to travel definite guidelines to forestall wealth laundering and coercion financing.

Big Names Still Missing

While the registry has been precise palmy with section companies, making them registry their operations and implementing the compliance tools for wealth laundering purposes, the reception by bigger planetary exchanges has not been arsenic successful. Names similar Binance and different ample exchanges are inactive retired of the database and are portion of a database of exchanges presently successful regulatory limbo.

Binance, specifically, has been named successful a grey database issued by the Bank of Spain that includes cryptocurrency exchanges operating successful the country. The institution was precocious reprimanded by the CMNV, the securities watchdog of the country, that ordered Binance to halt offering cryptocurrency-related derivatives, including futures contracts, to Spanish users of its platform.

According to reports, the institution is already successful talks to beryllium included successful the crypto registry of the Bank of Spain, but it has inactive not been approved by the cardinal bank.

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