Spain’s Second Largest Bank Gets Green Light to Offer Bitcoin and Ether Trading: Report
The Spanish financial giant Banco Bilbao Vizcaya Argentaria (BBVA) obtained approval from the country’s financial regulator in Offcoin (BTC) and ETER (ETH) customers, according to a Reuters report.
The approval comes as the markets of the Crypto-Artets Settlements (Mica) take full effect in the European Union. This approval from BBVA marks the conclusion of a multi -year process for the Spanish Linder in order to allow its customers to obtain exposure to digital assets.
In 2020, Coindsk reported that BBVA planned to dive his toes into the second, perfection of regulatory approval because the mica was not in place long.
BBVA initially planned to launch its Crypto services from Switzerland Ratter than Spain or other EU countries because Switzerland already had a clear regulation framework for digital active under the Financial Market Supervisory Authority (FINMA).
In January, BBVA launched Crypto Trading in Türkiye through a local subsidiary.
BBVA is not the first European bank to enter the crypto, with the German Deutsche Bank developing an Ethereum Rollup with Zksync and offering custody with Tauurus, while the general company SG-Reform launches a stablecoin euro on the Ledger XRP, said Coindsk.
