Additionally, it noted that crypto has become Spain's second most preferred payment method, surpassing traditional bank transfers.

Nana Murugesan, vice president of international and business development at Coinbase, stated that the exchange continues to seek regulatory compliance across the world:

“In the last year alone we have obtained VASP registrations in Italy, Ireland, and the Netherlands, as well as in-principle approval and launching in Singapore, launching in Brazil, and, most recently, launching in Canada.

Excited to announce another major international milestone for Coinbase with today's VASP registration from the Bank of SpainCrypto regulatory clarity in the EU is helping to accelerate our expansion efforts in the region! https://t.co/W78LHKzcB5

Meanwhile, recent reports indicate that Coinbase is aiming to establish a strong presence in Europe.

On Sept. 22, Cointelegraph reported that Coinbase attempted to buy defunct crypto exchange FTX Europe twice: in November 2022, when FTX filed for bankruptcy, and in September 2023.

This comes amid the European Parliamentary Research Service (EPRS) recently emphasizing the need for non-European regulators to exercise stricter oversight in the global crypto market.

As the Markets in Crypto-Assets Regulation (MiCA) Act progresses toward its December 2024 implementation deadline, an EPRS report urges the establishment of a more rigorous regulatory framework in non-EU jurisdictions.

https://cointelegraph.com/news/coinbase-aml-registration-bank-of-spain

Additionally, it noted that crypto has become Spain's second most preferred payment method, surpassing traditional bank transfers.

Nana Murugesan, vice president of international and business development at Coinbase, stated that the exchange continues to seek regulatory compliance across the world:

“In the last year alone we have obtained VASP registrations in Italy, Ireland, and the Netherlands, as well as in-principle approval and launching in Singapore, launching in Brazil, and, most recently, launching in Canada.

Excited to announce another major international milestone for Coinbase with today's VASP registration from the Bank of SpainCrypto regulatory clarity in the EU is helping to accelerate our expansion efforts in the region! https://t.co/W78LHKzcB5

Meanwhile, recent reports indicate that Coinbase is aiming to establish a strong presence in Europe.

On Sept. 22, Cointelegraph reported that Coinbase attempted to buy defunct crypto exchange FTX Europe twice: in November 2022, when FTX filed for bankruptcy, and in September 2023.

This comes amid the European Parliamentary Research Service (EPRS) recently emphasizing the need for non-European regulators to exercise stricter oversight in the global crypto market.

As the Markets in Crypto-Assets Regulation (MiCA) Act progresses toward its December 2024 implementation deadline, an EPRS report urges the establishment of a more rigorous regulatory framework in non-EU jurisdictions.

https://cointelegraph.com/news/coinbase-aml-registration-bank-of-spain