According to the information referred to in an economic note from the news agency, Europa Press, for July 23 of this year, the Banco de España had already registered a total of 21 companies in its list of cryptocurrency service providers enabled since October last year.
In this sense, it is necessary to say that the majority have Spanish originand are based in the cities of Madrid, Barcelona, Valencia, Alicante and León, while others with a foreign origin have their headquarters in the Netherlands, Austria and Germany.
For its part, The Bank of Spain on its website has been clear in specifying that Law 10/2010 includes these providers as obligated subjects for its purposes and introduces an obligation to register with the Bank of Spain, as well as compliance with the requirements and requirements established in the regulations for the prevention of money laundering and financing of terrorism.
Likewise, the Spanish financial entity has said that “does not supervise” the financial or operational and security risks of these businesses nor does it have any competence in matters of conduct over these suppliers.
That said, Europa Press reviews in its article that the same The Bank of Spain has also emphasized that registration in this register does not exactly imply any approval or verification of the activity carried out by providers of virtual currency exchange services for fiduciary currency and custody of electronic purses by them.
Finally, it should be noted that in mid-June, the entity’s registry already had 15 providers, to which five other companies would have been added in the last month: Rapiven99, Binance (registered under the name of Moon Tech Spain), Shitcoins.club (trading name of Young Guns), GBTC Finance, and Nebeus (registered as Rintral Trading).
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Investments in crypto assets are not regulated. They may not be suitable for retail investors and the full amount invested may be lost. The services or products offered are not aimed at or accessible to investors in Spain.