Spain’s Crypto Firms to Face New Registration Requirements Under EU-Driven Bill
Spain is finally getting around to amending its AML laws six months after the EU deadline for compliance. The public comment period on that amendment ends today.
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Spanish Police Arrest Head of Billion-Dollar Crypto Arbitrage Platform on Fraud Allegations
Oct 22, 2020
Arbistar 2.0 operator Santiago Fuentes was arrested Wednesday and faces criminal fraud and money laundering charges in Spain.
The "priority" research comes as Spain weighs a global pivot to digital economies.
A group of Spanish companies, including banks and energy firms, is working to develop a "self-managed" digital identity system using blockchain technology.
The planned bill comes as part of broader legislation aimed at cracking down on tax fraud, a government spokesperson said.
The National Police of Spain said vendors’ “purchase of virtual currency stands out.” Police arrested 33 suspects across two parallel raids.
Spain
