Bank of Spain Has Registered 17 Crypto Companies, Big Names Still Missing – Regulation Bitcoin News

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The registry of virtual asset service providers of the Bank of Spain reached a number of 17 companies last week, with the inclusion of three more crypto businesses.

The crypto registry is mandatory for crypto companies to operate in the country, and was created in a change to a Spanish law that now requires crypto companies to follow certain guidelines to prevent money laundering and terrorism financing.While the registry has been very successful with local companies, making them register their operations and implementing the compliance tools for money laundering purposes, the reception by bigger international exchanges has not been as successful.

by the CMNV, the securities watchdog of the country, that ordered Binance to stop offering cryptocurrency-related derivatives, including futures contracts, to Spanish users of its platform.According to reports, the company is already in talks to be included in the crypto registry of the Bank of Spain, but it has still not been approved by the central bank.

 

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