Bank AI

Optimism

<ul> 
 <li>It allows Coinbase to provide its services to consumers and businesses in Spain.</li> 
 <li>In Spain, crypto is the second most popular means of payment.</li> 
</ul> 
Coinbase has announced that it has been approved by the <a href="https://www.bde.es/wbe/en/" target="_blank" rel="noopener noreferrer nofollow">Bank of Spain</a> as a crypto exchange and custodial wallet provider. As part of its “Go Broad, Go Deep” plan for international development, this will aid Coinbase increase its retail customers, institutional clients, and developer collaborators in Spain during Phase II. 
Today, Coinbase published a post announcing its AML registration with the Bank of Spain as a crypto exchange and custodial wallet provider. It allows Coinbase to provide its whole array of services to consumers and businesses throughout the nation. 
Coinbase’s VP of International and Business Development, <a href="https://www.linkedin.com/in/nana-murugesan" target="_blank" rel="noopener noreferrer nofollow">Nana Murugesan</a>, stated: 
<blockquote class="wp-block-quote"> 
 “We are excited to have achieved this registration from the Bank of Spain to support and grow our retail consumers, institutional clients and developer partners in Spain. Most of the world is stepping up to the plate and providing clarity and guidance for the crypto industry.” 
</blockquote> 
<h3 class="wp-block-heading" id="h-strategic-expansion">Strategic Expansion</h3> 
Users may now have access to cryptocurrency custody, swap cryptocurrencies for fiat cash, and purchase and sell a wide variety of cryptocurrencies. In Spain, crypto is the second most popular means of payment. 
In 2022, <a href="https://thenewscrypto.com/coinbase-leaves-india-why/" target="_blank" rel="noopener noreferrer nofollow">Coinbase</a> became a registered VASP in the European countries of Italy, Ireland, and the Netherlands. It has also spread to Singapore, Brazil, and most recently Canada, where it has gained preliminary permission. 
For the European Union’s cryptocurrency market, the <a href="https://thenewscrypto.com/crypto-legal-framework-mica-gets-final-approval-by-eu-council/" target="_blank" rel="noopener noreferrer nofollow">MiCA</a> marks a watershed moment. The sector appreciates the regulatory certainty MiCA brings. Amid the ongoing scrutiny by U.S authorities, crypto firms are eyeing expanding to Europe. 
Highlighted Crypto News Today: 
<a href="https://thenewscrypto.com/artibirum-ignites-market-optimism-with-promising-initiatives/" target="_blank" rel="noopener noreferrer nofollow">Artibirum Ignites Market Optimism with Promising Initiatives</a>

Coinbase Expands Into Spanish Market With Bank of Spain Registration

Table of Contents

TheNewsCrypto

Other articles published on Sep 23, 2023

Chainlink On The Verge of Major Breakout Past $7 – Key Metrics Indicate Growing Strength

Is AI Diplomacy the New Frontier of Global Influence for the U.S.?

NFT Marketplace OpenSea Reportedly Alerts Users of Security Breach

Coinbase gains Bank of Spain’s nod for Bitcoin exchange expansion

MultiversX Crypto: EGLD Price In Seller Hand, Targeting $20

Binance Coin's 0.17% Price Dip to $210.84: Key Insights for September 23, 2023

Join our free newsletter for daily crypto updates!