Banco de Espana, the central bank of Spain, has selected its partners for the central bank digital currency (CBDC) trials, which were announced a year ago. A resolution announcing the collaboration with Cecabank, Abanca, and Adhara Blockchain was released on January 3rd by the central bank. The following six months
There was a significant increase in the number of crypto firms registered to operate in Spain in 2023. The official record, which is available as an Excel document on the website of Spain’s central bank, states that 30 businesses were licensed to offer virtual asset services in 2023. The number
Spanish financial behemoth Santander reportedly has chosen digital asset management firm Taurus to launch a self-custody model for digital assets. Bitcoin and Ethereum trading was confirmed to be live and accessible for customers with accounts in Switzerland last week by Santander Private Bank. Additionally, Santander will only offer Bitcoin and
Residents of Spain are now required under new regulations put in place by the Agencia Tributaria, the country’s tax administration, to report any cryptocurrency holdings stored on platforms outside of Spain. At the same time, anyone who has more than $55,000 in cryptocurrency must report their abroad holdings on the
The National Stock Market Commission (CNMV), Spain’s primary securities market regulator, has warned against fraudulent crypto assets promotions on Twitter and reminded businesses that they must adhere to Spanish law. At a speech given by CNMV chief Rodrigo Valbuena on November 8 at the annual Deloitte conference for the Spanish
Atani, a crypto fintech startup based in Spain, has successfully concluded a $6 million investment round. Cometa, a venture capital firm based in Mexico, spearheaded the round, which also included participation from JME Ventures, Conexo Ventures, and CDTI. The group of business angels included Web3 professionals like Neil Cunha-Gomes, Head of
Worldcoin, the blockchain project by OpenAI CEO Sam Altman, has announced that 150,000 people in Spain have signed up for the World ID. Moreover, with this remarkable milestone, Spain has become the fastest-growing operational market in Europe for the Worldcoin project. This is a significant achievement for Worldcoin after its
Crypto.com, the leading regulatory compliance and security, has achieved yet another remarkable milestone. Today, the company announced its successful acquisition of the Virtual Asset Service Provider (VASP) registration from the Bank of Spain. This latest recognition showcases it’s commitment to compliance and collaboration with regulatory bodies. We're excited to share
Stablecoins and CBDC trials are becoming more popular in Europe. Spanish central bank Banco de Espaa approved a pilot programme on January 19. That would issue digital tokens tied to the euro. MONEI, a regulated fintech payments business, is leading the charge on this initiative. Furthermore, that will provide customers
Banks Spain has proposed a wholesale CBDC project, according to the coin desk on Monday. The proposal is for various financial institutions and technology service providers. According to an official statement from the bank, the program intends to increase the usage of CBDCs in wholesale transactions. Wholesale transactions are those
