Spanish Banks Interested in Offering Crypto Assets to Their Customers
Spanish banks are interested in offering cryptocurrency services to their customers and will be making arrangements to comply with upcoming regulations. Spanish banks are already on track to register for the list of virtual asset service providers and custody organizations that must be compiled by the Bank of Spain before October 29.
The Bank of Spain announced it would release the paperwork and instructions for interested parties in the upcoming registry, but failed to do so. This has made banks uncertain whether they need to register again under applicable laws. Banks in Spain already comply with anti-money laundering laws, so for some experts, re-registering should be not necessary for banks to offer crypto services.
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Spanish Banks Interested in Offering Crypto Assets to Their Customers