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Bitstamp Is Licensed To Provide Crypto Services In Spain

Bitstamp claimed to have acquired a license for crypto business operations in Spain. It signifies approval in yet another European country for an exchange, which since its launch in 2011, has concentrated on the market in the European Union.

On November 17, the company announced its Spanish license. With the Bank of Spain‘s license, Bitstamp‘s regional affiliate may now provide electronic wallet custody and exchange services for fiat money to Spanish customers.

After the company’s certification in Italy in July, registration began in Spain. The exchange was established in 2011 and is authorized to conduct business in both Luxembourg and the Netherlands.

Following companies like Binance and Bitpanda in receiving a license in Spain is Bitstamp, which is now the country’s 46th distributor of digital assets.

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Harold

Coincu News

Harold

With a passion for untangling the complexities of the financial world, I've spent over four years in financial journalism, covering everything from traditional equities to the cutting edge of venture capital. "The financial markets are a fascinating puzzle," I often say, "and I love helping people make sense of them." That's what drives me to bring clear and insightful financial journalism to the readers of Coincu.