CRYPTO NEWS: A CRYPTOCURRENCY LICENCE IS GRANTED TO BITSTAMP BY THE BANK OF SPAIN.

A CRYPTOCURRENCY LICENCE IS GRANTED TO BITSTAMP BY THE BANK OF SPAIN
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A CRYPTOCURRENCY LICENCE IS GRANTED TO BITSTAMP BY THE BANK OF SPAIN. BITSTAMP HAS BEEN GIVEN PERMISSION BY SPANISH AUTHORITIES TO CONDUCT CRYPTOCURRENCY COMMERCE THERE. IT REPRESENTS ACCEPTANCE OF AN EXCHANGE, WHICH SINCE ITS FOUNDING IN 2011 HAS FOCUSED ON THE MARKET IN THE EUROPEAN UNION, IN YET ANOTHER EUROPEAN NATION.

SPAIN RECENTLY DEMONSTRATED THAT IT REGULATES CRYPTOCURRENCIES WITH A MODERATE APPROACH, WHICH IS COMMENSURATE WITH THE COUNTRY’S HIGH USAGE RATE.

A CRYPTOCURRENCY LICENCE IS GRANTED TO BITSTAMP BY THE BANK OF SPAIN:

A CRYPTOCURRENCY LICENCE IS GRANTED TO BITSTAMP BY THE BANK OF SPAIN
A CRYPTOCURRENCY LICENCE IS GRANTED TO BITSTAMP BY THE BANK OF SPAIN

THE COMPANY SENT A STATEMENT ON NOVEMBER 17 RELATING ITS SPANISH LICENCE. THE REGIONAL AFFILIATE OF BITSTAMP CAN NOW OFFER SPANISH CONSUMERS DIGITAL WALLET CUSTODY AND TRADING SERVICES FOR FIAT CASH ACCORDING TO THE BANK OF SPAIN’S LICENCE. AS THE 46TH DISTRIBUTOR OF VIRTUAL CURRENCY IN SPAIN, BITSTAMP FOLLOWS BUSINESSES LIKE BINANCE AND BITPANDA IN ACQUIRING A LICENCE.

A SET OF REGULATIONS FOR PROMOTING CRYPTOCURRENCY WAS RELEASED IN JANUARY BY THE REGIONAL FINANCIAL AUTHORITY COMISIÓN NACIONAL DEL MERCADO DE VALORES (CNMV), REQUIRING IT TO BE “TRANSPARENT, BALANCED, AND FAIR.”

IN SEPTEMBER, TELEFONICA, A GLOBAL TELECOMS FIRM WITH HEADQUARTERS IN MADRID, AUTHORISED CRYPTOCURRENCY PAYMENTS ON ITS ONLINE TECH MARKETPLACE KNOWN AS TU. THE BUSINESS INCLUDED A CRYPTO PAYMENT OPTION PROVIDED BY THE SPANISH CRYPTO TRADING BIT2ME IN ORDER TO TAKE CRYPTOCURRENCY IN TRADE FOR THEIR TECH PRODUCTS.

THE COUNTRY CURRENTLY BOASTS THE THIRD-LARGEST SYSTEM OF BITCOIN AND CRYPTOCURRENCY ATMS, BEHIND THE US AND CANADA. IT CURRENTLY LEADS EL SALVADOR, WHICH HAS ONLY 212, AND DROPS TO FOURTH PLACE, WITH 215 CRYPTO ATMS.

BITSTAMP HAS INCREASED ITS COMPLIANCE EFFORTS IN RECENT YEARS. IN APRIL, IT REQUESTED CUSTOMERS UPDATE THE LOCATION OF THE CRYPTOCURRENCY THEY STORED ON THE PLATFORM FOR REGULATORY PURPOSES. THE EXCHANGE OFFERED A FORMAL LIST OF DOCUMENTATION, SUCH AS PAYSLIPS FOR SAVINGS PAYSLIPS, SALARIES AND PENSIONS, GIFTS, MINING RECEIPTS, INHERITANCE RECORDS, AND OTHERS, THAT EXPLAINED THE FIAT-RELATED SOURCES OF ASSETS OF THE DEPOSITED MONIES.

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CRYPTO NEWS: A CRYPTOCURRENCY LICENCE IS GRANTED TO BITSTAMP BY THE BANK OF SPAIN.

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