Spain’s second largest bank is getting a green light to offer bitcoin and Ether Trading: Report
Banco’s giant financial Banco Bilbao Vizcaya Argentaria (BBVA) Reuters Report.
Approval comes as markets in crypto-assets (MICA) regulations take full impact throughout the European Union. The approved for Bbva Marked the end of a multi-year process for the Spanish lender to allow clients to obtain exposure to digital properties.
In 2020, CoinDesk reported That BBVA is planning to dip its toes in the sector, waiting for regulation to approve because Mica is not in the area.
The BBVA first planned to launch crypto services from Switzerland than Spain or other EU countries because Switzerland had a clear framework of regulation for digital ownership under the Financial Market Supervisory Authority (FINMA).
In January, BBVA has launched crypto trading in Turkey by a local subsidiary.
The BBVA was not the first European bank to enter the Crypto, with the Deutsche Bank of Germany forming an Ethereum Rollup with Zksync and offering precautions in Taurus, while Société Générale’s SG-Forge launched an Euro Stablecoin Euro on XRP Ledger, CoinDesk’s surprised.
