Coinspeaker
Coinbase Bags Operational License in Spain
The Bank of Spain has approved for American crypto exchange Coinbase to begin offering its range of services to retail and institutional investors within the country. This follows after it found the exchange to have duly registered and in full compliance with the existing Anti-Money Laundering (AML) laws of the state.
Recall that in October 2021, the Bank of Spain issued guidance to crypto firms that will help them obtain AML compliance in the country. The guidance asked firms to tender detailed reports of their efforts to prevent criminal activities such as money laundering and terrorism financing.
Coinbase Eyes ‘Viable’ Market in Spain
According to Coinbase, the registration gives its Spanish users full access to its services. That is, they may now retain crypto assets on the exchange or even buy and sell them in euros. Part of a September 22 official statement reads:
“This registration will allow Coinbase to offer our full
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