Coinbase Registers With Central Bank Of Spain
Crypto exchange Coinbase has registered with Spain’s central bank to provide exchange and custody services, the company announced on 25th Sept.
Offering crypto-related services requires registration with the Bank of Spain, and registered businesses are subject to the nation’s anti-money laundering regulations.
Although Spain does not currently have a licensing system for cryptocurrency businesses, it will be compelled to do so in 2024 when the recently finalized MiCA regulation for cryptocurrency issuers and service providers comes into force.
(With inputs from Shikha Singh)
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