Coinbase exchange gets new license from Spain. The license allows Coinbase’s to adhere to the country’s legal framework while offering a full range of cryptocurrency services to both retail and corporate users in Spain.

Coinbase has reached a significant milestone in its global expansion efforts by successfully registering with the Spain Central Bank as a cryptocurrency exchange and wallet provider.

This Anti-Money Laundering (AML) license allows Coinbase’s to continue to comply strictly with the country’s regulatory landscape while being able to offer a broad range of cryptocurrency services to both individual and corporate users in Spain.

Coinbase new license in Spain further contributes to its rapidly expanding international success list. Last year, the company enhanced its accomplishments by acquiring Virtual Asset Service Provider (VASP) registrations in countries like Italy, Ireland, and the Netherlands.

Furthermore, it has started operations by obtaining principle approvals in countries like Singapore, Brazil and Canada. This demonstrates Coinbase’s commitment to regulatory compliance and global expansion. Coinbase is actively securing licenses in markets like Spain, tailoring their services to meet local needs, forging regional collaborations, and bolstering their regional presence.

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Views in Spain about Cryptocurrency

The growing interest in cryptocurrencies in Spain clearly reflects that 29% of adults see the future of finance in cryptocurrencies. Cryptocurrencies have become the country’s second most popular payment method, surpassing even traditional bank transfers. A survey conducted by Bitnovo revealed that 60.7% of the Spanish population see cryptocurrencies as a long-term investment tool and 35.7% are interested in using them for payments.

The recent adoption of the Crypto Asset Markets (MiCA) framework by the European Union strengthens regulations for cryptocurrencies in the region even further. MiCA showcases the EU’s commitment to taking advantage of emerging technologies while setting a clear example for global regulation efforts.

The registration of Coinbase Exchange with the Spain Central Bank positions the company to better respond to the increasing needs of users in Spain. This development shows that the acceptance and interest in cryptocurrencies are in line with a wider trend.

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