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
Following the United States and Canada as the third nation with the most Bitcoin and cryptocurrency ATMs, one will find them in Spain. With 215 cryptocurrency ATMs, Spain has surpassed El Salvador, which only has 212, to become third in the world. According to research from CoinATMRadar, Spain is home
BitBase plans to install 200 cryptocurrency ATMs in Spain by 2023. BitBase intends to enter the metaverse and Web3 space. BitBase Spanish cryptocurrency ATM company with offices all around the world which has 100 crypto ATMs in Spain intends to expand services in 2023, with funding provided by Dextools and
Telefonica also announced that it will be working with Qualcomm. The telecom giant formed a partnership with Polygon earlier this year. Organizations all around the globe have begun supporting cryptocurrency payments at a steady pace as crypto acceptance grows. Telefónica, the largest telecom provider in Spain, reportedly now accepts Bitcoin
Spanish officials predict that the metaverse will be worth more than $1 billion by 2026. Firms or teams must have at least 25 percent of their workforce comprised of women. The metaverse and its associated technologies are considered crucial development pillars for the future by countries all over the globe.
Binance obtained a VASP certification from the Bank of Spain. Along with Binance, more than 17 firms also received the approval. The prominent cryptocurrency exchange Binance recently acquired an operating license, Virtual Asset Service Provider (VASP) from the Bank of Spain. With this license, the platform can operate in the
Customers were notified via email by the exchange. To keep their accounts alive, they must pay $20.35 every month. Some cryptocurrency exchanges and lenders have been unable to restore client payments that have declared bankruptcy or are in the process of obtaining extra capital to stay functioning due to the
As a result of the new provisions, tax debts are prescribed after four years. Those who fail to disclose their crypto holdings overseas face sanctions. February 10th saw the introduction of a modification to tax model 720 in the Spanish Parliamentary session, which required taxpayers to report crypto and other
Firms will be required to notify the CNMV watchdog at least ten days in advance. The laws also apply to crypto-asset service providers. Spain took steps on Monday to restrict the excessive promotion of crypto assets, notably by social media influencers, tasked the stock market supervisor with licensing mass campaigns
Bitcoin investors in Spain garnered the highest profits in 2020. Huecco, the first Spanish musician to sell tickets for his next tour in crypto. When the cryptocurrency market was euphoric a little more than a month ago, there was a lot of optimism about the industry’s future. This December, almost
