Crypto exchange Bitstamp registers with Spains central bank

Bitstamp, the longest-running crypto exchange, has secured its registration in Spain’s central bank. The Luxembourg-based exchange is now able to legally provide its services to Spanish users, both for fiat currency and digital assets. The assessment of Bitstamp’s eligibility began in January when the exchange applied for the authorization. Registration with the Bank of Spain means that Bitstamp needs to comply with anti-money laundering and counter-terrorist financing provisions. It also means that the exchange is subject to national laws regarding crypto advertising, which the National Securities Market Commission announced at the beginning of the year. Once the new laws are in place, exchanges will be able to “passport” their registration.