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Bank of Spain clarifies registration for VASPs, crypto-related companies
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Cryptocurrency policies are taking shape all around the world as investments in the field rise. The latest country to provide instructions to crypto-businesses is Spain. More specifically, the Bank of Spain has now released instructions for entities wishing to register with the central bank to offer crypto-related services.
The central bank has opened a registry for Virtual Asset Service Providers [VASPs] in the country. It has also offered clarity over the types of companies and the scope for the registration. As per the statement shared on the Bank of Spain’s website, relevant businesses can apply through an electronic registry and it would take at least three months for the central bank to consider the application.
Earlier in June, the
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