Last week in Spain Four new cryptocurrency service providers registered with the Bank of Spain to operate under license within Spanish territory.
According to the Europapress news agency, Prosegur Crypto, Bots, Rand Protocol, Coin Direct and JBH Financial Group were the companies that were registered in the register of cryptocurrency providers of the Bank of Spain.
These companies dedicated to the custody of electronic purses, and to the exchange service of virtual currency for fiduciary currency have had to comply with adequate procedures and bodies for the prevention of money laundering and financing of terrorism, as well as compliance with the requirements of good repute business and professional. However, it should be noted, as Europa Press mentions, that theLaw 10/2010, which dictates the registry in its second provision, does not establish financial, prudential, corporate governance, technological security or market conduct or informational transparency regulations, so that the Bank of Spain does not supervise financial risks or operations and security of these businesses nor does it have any competence in matters of conduct over suppliers.
Finally, it is worth mentioning that According to data updated and consulted by Europa Press as of September 22, the Bank of Spain’s total registry would add up to a total of 34 registered entities.
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