Approved to Operate in Spain

The crypto exchange said it has registered as a virtual asset service provider with the country's central bank following a "comprehensive" compliance review.

AccessTimeIconJun 23, 2023 at 10:11 a.m. UTC
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Digital asset exchange platform has secured registration as a virtual asset service provider (VASP) with the central bank of Spain, the company announced on Friday.

The registration, approved after what the company said was a "comprehensive review of its compliance with Anti-Money Laundering Directive (AMLD) and other financial crimes laws," will allow to offer a "suite of its products and services to users in Spain."

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.

With the European Union's new Markets in Crypto Assets (MiCA) now finalized, regulators in member states like Spain will soon start applying new standards and requirements in accordance with the framework.

"Receiving the VASP registration from the Bank of Spain is the latest testament to our commitment to compliance and eagerness to work with regulators and public officials in responsibly advancing crypto and blockchain technology,” Kris Marszalek, CEO of said in a press statement.

Edited by Parikshit Mishra.


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Sandali Handagama

Sandali Handagama is CoinDesk's deputy managing editor for policy and regulations, EMEA. She does not own any crypto.

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