Private banks in Spain are awaiting the central bank’s instruction on whether they can offer crypto-related services to their customers.
According to the news of El Pais this week, the Central Bank of Spain has submitted the instructions regarding the registration process of institutions providing services such as custody and storage for cryptocurrencies at the latest. until 29 October announced that he would.
The registration process in question will be carried out as part of the fight against money laundering.
It is stated that the instructions on how the registration process will work have not been disclosed yet. For which organizations will it be mandatory? also unknown.
According to what is quoted by El Pais, the regulations applied to combat money laundering currently banks that complyIt’s unclear whether it will go through this registration process again.
On what kind of procedure will be followed if banks in Spain do not want to be left behind in the crypto money sector and provide services to their customers in this direction. trying to get information reported.