Receives VASP Registration in Spain

Sahana Kiran
Source – Unsplash

The crypto industry has been facing regulatory heat from financial watchdogs across the globe. This hasn’t stopped them from expanding their business. has been active as well and Spain seems to be its latest destination. In a recent blog post, the exchange announced that it has obtained a Virtual Asset Service Provider [VASP] registration from the Bank of Spain, enabling it to operate within the country.

With the acquisition of the VASP registration from the Bank of Spain, gained the ability to provide its comprehensive range of products and services to users based in Spain. This registration opens up new opportunities for the platform. This is in order to serve the Spanish market and cater to the needs of crypto enthusiasts in the country. Kris Marszalek, CEO of addressed the same and said,

“We look forward to continuing to work with the Bank of Spain as we launch our products and services in-market and providing users with the comprehensive, safe, and secure crypto experience that they desire.”

Furthermore, Spain would undoubtedly serve as a great market for crypto. Spanish banking giant, Santander Bank recently started an initiative to educate its clients about crypto. This was done through an educational series on its website called ‘Digital Assets 101.

Here’s what had to do in order to secure this license

Securing the license was a complex endeavor for The exchange had to go through a thorough evaluation process to ensure strict compliance with the Anti-Money Laundering Directive [AMLD]. Alongside, it had to cater to various financial crime regulations. Furthermore, the exchange had to demonstrate strong safeguards to protect user interests, aligning with the regulatory framework of the region. Marszalek further said,

“Receiving the VASP registration from the Bank of Spain is the latest testament to our commitment to compliance and eagerness to work with regulators and public officials in responsibly advancing crypto and blockchain technology.”