Bank of Spain Opens Registry for Crypto-Service Providers

Bank of Spain Opens Registry for Crypto-Service Providers
After months of waiting, the Bank of Spain has finally issued instructions on how to register to offer crypto-related services in the country.Institutions are instructed to apply through an electronic registry, after which the central bank will take up to three months to consider the application.The process was first announced by Spain’s central bank in June, with a promise that instructions on how to proceed would be issued in due course. These instructions have now finally arrived.Much of the uncertainty related to whether existing mainstream financial institutions, such as banks, would have to register since they are already regulated entities.The…