Express
Spain Introduces New Registration Requirements For Crypto Companies
Summary: A proposed amendment in Spain will require digital asset service providers to register with the Bank of Spain. The amendment comes as Spain is working to comply with the European Union's laws surrounding anti-money laundering and terrorist financing six months past the deadline. If the amendment is passed crypto exchanges, wallet providers, and custodian companies ...
A proposed amendment in Spain will require digital asset service providers to register with the Bank of Spain.
The amendment comes as Spain is working to comply with the European Union's laws surrounding anti-money laundering and terrorist financing six months past the deadline.
If the amendment is passed crypto exchanges, wallet providers, and custodian companies will have to adhere to national regulation and registration. Crypto companies will need to register with the Bank of Spain within 9 months of the law passing.
The amendment will improve the effectiveness of existing anti-money laundering and terrorist financing prevention mechanisms according to the government's website.
By Emily Mason
Tags: European Union,Money Laundering,Spain
Link: Spain Introduces New Registration Requirements For Crypto Companies [Copy]
