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Spain’s Central Bank Requesting Financial Institutions to Outline Crypto Plans Until 2024
Summary: The Bank of Spain is asking the country’s leading financial institutions to provide information on their crypto-related plans for the next three years, the newspaper El Pais reported Thursday. The central bank has requested that banks include information on their relationships with crypto service providers, stakes in crypto companies and exposure to crypto. It has ...
The Bank of Spain is asking the country’s leading financial institutions to provide information on their crypto-related plans for the next three years, the newspaper El Pais reported Thursday.
The central bank has requested that banks include information on their relationships with crypto service providers, stakes in crypto companies and exposure to crypto. It has also asked banks whether they plan to issue tokens or provide custody, trading or payment services for crypto, and to outline any initiatives to market products or offer services to customers through a digital platform over the next three years.
Last week, the Bank of Spain issued instructions on how institutions may register to offer crypto-related services in the country. In June, the Spanish banking giant BBVA made its cryptocurrency trading and custody service available to private banking clients in Switzerland.
By Amy Liu
Tags: Central Bank,Crypto,Spain
Link: Spain’s Central Bank Requesting Financial Institutions to Outline Crypto Plans Until 2024 [Copy]
