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Spanish banks are eager to offer crypto, but when will the central bank oblige
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Spanish banks are now interested in testing crypto waters as they await regulatory clarity from the central bank, according to local media reports.
The Bank of Spain had announced earlier in June that it will release registration instructions for crypto-exchanges and custody platforms by 29 October. However, the supervisor has not released any document yet.
Once the central bank releases a crypto-registry, companies will have the opportunity to register until 29 January 2022, as per the previous circular. Meanwhile, Spanish banks are taking time to explore the possibility of offering crypto-assets directly to their customers.
In fact, reports suggest that large financial institutions are using their compliance departments to find out if they
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