{"id":3930,"date":"2023-09-23T15:00:52","date_gmt":"2023-09-23T15:00:52","guid":{"rendered":"https:\/\/coinengineer.io\/blog\/?p=3930"},"modified":"2023-09-23T15:09:23","modified_gmt":"2023-09-23T15:09:23","slug":"coinbase-registered-with-bank-of-spain","status":"publish","type":"post","link":"https:\/\/coinengineer.net\/blog\/coinbase-registered-with-bank-of-spain\/","title":{"rendered":"Coinbase Registered with Bank of Spain"},"content":{"rendered":"<p><strong>Coinbase<\/strong> has been registered with the <strong>Bank of Spain<\/strong>, the central bank of Spain, as a cryptocurrency exchange and wallet provider.<\/p>\n<p><strong>This registration<\/strong> will allow Coinbase to offer all its products and services to retail and institutional users in Spain in compliance with national legal framework. Also this registration will make it easier for customers in Spain to invest in cryptocurrencies, and this approval from the Central Bank of Spain is a very important step for the trust in cryptocurrencies.<\/p>\n<p>Coinbase is actively striving to expedite registrations across multiple parts of the world and is diligently taking crucial steps to advance the crypto industry.<\/p>\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_71 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 eztoc-toggle-hide-by-default' ><li class='ez-toc-page-1 ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/coinengineer.net\/blog\/coinbase-registered-with-bank-of-spain\/#Users_in_Spain_will_now_be_able_to_access_the_following_services\" title=\"Users in Spain will now be able to access the following services:\">Users in Spain will now be able to access the following services:<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/coinengineer.net\/blog\/coinbase-registered-with-bank-of-spain\/#Why_Coinbase_wanted_to_get_approval_from_the_Central_Bank_of_Spain\" title=\"Why Coinbase wanted to get approval from the Central Bank of Spain:\">Why Coinbase wanted to get approval from the Central Bank of Spain:<\/a><\/li><\/ul><\/nav><\/div>\n<h4><span class=\"ez-toc-section\" id=\"Users_in_Spain_will_now_be_able_to_access_the_following_services\"><\/span><strong>Users in Spain will now be able to access the following services:<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h4>\n<ul>\n<li>Storing of crypto assets<\/li>\n<li>Buying or selling of crypto assets in exchange for legal currency<\/li>\n<li>Exchange of crypto assets with other crypto assets<\/li>\n<\/ul>\n<p>Additionally the Vice President in Charge of International and Business Development at Coinbase, <strong>Nana Murugesan<\/strong>, commented on the registration; &#8220;We are excited to obtain this registration from the Central Bank of Spain. We are taking this step to support and grow our retail customers, institutional customers, and developer partners in Spain. Many countries around the world are starting to offer clarity and guidance for the crypto industry. Just last year, we obtained VASP registrations in Italy, Ireland and the Netherlands, we also received principle approval in Singapore and became operational, we became functional in Brazil and most recently in Canada. Working with regulators in these regions is a key step in our international growth strategy and helps us maintain our momentum.&#8221;<\/p>\n<p><strong>Coinbase<\/strong> stated that the countries that will adopt the crypto industry faster are their primary priorities. In this context, the company stated that it is rapidly advancing its operations and aiming to actively operate in numerous markets in the long term.<\/p>\n<blockquote><p>You might like: <a href=\"https:\/\/coinengineer.net\/blog\/coinbase-considering-purchasing-ftx-europe\/\"><strong>Coinbase Considering Purchasing FTX Europe!<\/strong><\/a><\/p><\/blockquote>\n<h4><span class=\"ez-toc-section\" id=\"Why_Coinbase_wanted_to_get_approval_from_the_Central_Bank_of_Spain\"><\/span><strong>Why Coinbase wanted to get approval from the Central Bank of Spain:<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h4>\n<ul>\n<li>29% of adults in Spain believe that cryptocurrency is the future of finance.<\/li>\n<\/ul>\n<ul>\n<li>Cryptocurrencies have now become the second most popular payment method in Spain, surpassing bank transfers.<\/li>\n<\/ul>\n<ul>\n<li>A study conducted by Bitnovo revealed that 60.7% of Spanish citizens feel motivated to purchase cryptocurrency for long-term investments, whereas 35.7% express a motivation to use it for payments.<\/li>\n<\/ul>\n<ul>\n<li>There are 178 blockchain initiatives in the Financial Services field in Spain.<\/li>\n<\/ul>\n<ul>\n<li>The total demand for blockchain skills in Spain has significantly exceeded estimates.<\/li>\n<\/ul>\n<p>The Cryptocurrency Markets Regulation (<strong>MiCA<\/strong>) was recently approved by European Union policy makers. The regulatory rules provided by MiCA have increased the trust in cryptocurrencies in many countries. As a result, many countries have started to grant registration approval for cryptocurrency exchanges.<\/p>\n<p>Coinbase Registered with Bank of Spain, further solidifying trust in cryptocurrencies as global acceptance and regulatory approval continue to shape the future of the crypto industry.<\/p>\n<hr \/>\n<p>You can share your opinions in the comments about the topic. Also, follow us on\u00a0<a href=\"https:\/\/t.me\/coinengineernews\" target=\"_blank\" rel=\"noreferrer noopener\"><strong>Telegram<\/strong><\/a>,\u00a0<a href=\"https:\/\/twitter.com\/coinengineers\" target=\"_blank\" rel=\"noreferrer noopener\"><strong>Twitter<\/strong><\/a>, and\u00a0<strong><a href=\"https:\/\/www.youtube.com\/@CoinEngineer\" target=\"_blank\" rel=\"noreferrer noopener\">YouTube<\/a><\/strong>\u00a0for more content like this.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Coinbase has been registered with the Bank of Spain, the central bank of Spain, as a cryptocurrency exchange and wallet provider. This registration will allow Coinbase to offer all its products and services to retail and institutional users in Spain in compliance with national legal framework. Also this registration will make it easier for customers<\/p>\n","protected":false},"author":2,"featured_media":3929,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11],"tags":[1338,1339,1340,151,1341,1337,887,889,888],"class_list":["post-3930","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-exchange-news","tag-bank-of-spain","tag-bank-of-spain-vault","tag-central-bank-of-spain","tag-coinbase","tag-coinbase-bank-of-spain","tag-coinbase-news","tag-coinbase-stock","tag-coinbase-stock-price","tag-coinbase-wallet"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Coinbase Registered with Bank of Spain - Coin Engineer<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/coinengineer.net\/blog\/coinbase-registered-with-bank-of-spain\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Coinbase Registered with Bank of Spain - Coin Engineer\" \/>\n<meta property=\"og:description\" content=\"Coinbase has been registered with the Bank of Spain, the central bank of Spain, as a cryptocurrency exchange and wallet provider. 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