2 years ago
Bit2Me, a starring Spanish crypto exchange, has obtained support from the Bank of Spain to beryllium the “first supplier of services for the speech of virtual currency for fiat currency and the custody of integer wallets,” the institution announced Thursday.
Bit2Me present volition beryllium capable to supply Spanish-based banks with a white-label work allowing crypto trading connected their platforms, a institution authoritative told CoinDesk, adding that it is presently successful negotiations with “several banks.”
With its approval, the Bank of Spain recognized that the institution complies with “the requirements of commercialized and nonrecreational honorability established for recognition institutions and with the regulations for the prevention of wealth laundering,” according to Bit2Me.
In October the Bank of Spain issued instructions to institutions connected however to registry with the cardinal slope to connection crypto-related services successful the country.
Bit2Me, headquartered successful Spain, offers crypto services successful much than 100 countries and recorded a trading measurement of EUR 1.1 cardinal ($1.25 billion) successful 2021, the institution said successful a statement.
Bit2me raised EUR 20 cardinal ($22.7 million) via an archetypal coin offering successful 2021 and plans to commencement operating successful Brazil during the archetypal 4th of 2022, Bit2Me's COO, Andrei Manuel, told CoinDesk successful January. The institution plans to let Brazilian users to bargain and merchantability crypto with fiat and supply crypto-to-crypto trading.
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Andrés Engler is simply a CoinDesk concern newsman based successful Argentina, wherever helium covers the Latin American crypto ecosystem. He holds nary crypto.
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