Cryptocurrency exchange Coinbase has received permission to operate in Spain
The American cryptocurrency exchange Coinbase will be able to expand its business in the European Union, having received permission to work in Spain. The Bank of Spain issued the trading platform a certificate of compliance with regulatory requirements designed to combat money laundering.
Thanks to this, the company was able to provide individuals and legal entities with services related to the storage and trading of digital assets. Coinbase sought to enter the Spanish market because of its high potential due to the fact that: 29% of Spanish adults consider cryptocurrencies to be the future of the financial industry;
Cryptocurrency exchange Coinbase has received permission to operate in Spain
Cryptocurrencies in Spain are second only to bank cards in the list of the most popular means of payment; 60.7% of Spaniards are interested in long-term investments in digital assets.
Nana Murugesan, Vice President of International Business Development at Coinbase, said that over the past two years, his firm has managed to register as a provider of services related to virtual currencies in Italy, Ireland and the Netherlands.
The exchange has also started operating in Brazil and Canada, as well as providing coin storage services to Singaporean institutions.
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