Cryptocurrency In the face of the increase in the global adoption rate of its currencies, the central bank of each country adopts a different approach to cryptocurrencies.
While some suggest a direct ban, others think that the licensing system is healthier.
In this context, choosing the licensing system Spain Central Bank, the country’s leading cryptocurrency stock market Bit2Me’to become “the first service provider for virtual currency exchange and custody of digital wallets for fiat currency.”
Speaking to Coindesk, the official of the Spanish cryptocurrency exchange said the following about the approval of the central bank:
“Bit2Me will now be able to provide Spanish-based banks with a white-label service that allows crypto trading on their platform.
In this context, we are currently negotiating with several banks.”
In October 2021, the Bank of Spain published instructions on how institutions would register with the central bank to offer services related to cryptocurrencies.
Bit2Me’s Approach to Cryptocurrency!
Bit2Me, Spain’s leading cryptocurrency exchange, which provides crypto services in more than 100 countries, stated in a statement last year that its trading volume was 1.1 billion euros ($1.25 billion).
Bit2me, which has raised 20 million Euros ($22.7 million) in its first funding round in 2021, has announced that it plans to start operations in Brazil in the first quarter of 2022 as part of this fund.
Bit2Me’s COO Andrei Manuel told CoinDesk in January that the exchange plans to allow Brazilian users to buy and sell crypto with fiat and to trade crypto-to-crypto.