EddieJayonCrypto
22 Dec 23
The Spanish crypto market has seen a 56% increase in registrations in 2023, with 30 new firms added, following the opening of Spain’s virtual asset service provider registry in 2022. The surge in registrations includes major international platforms joining Spain’s crypto market, indicating expanding...
The Spanish crypto market has seen a 56% increase in registrations in 2023, with 30 new firms added, following the opening of Spain’s virtual asset service provider registry in 2022. The surge in registrations includes major international platforms joining Spain’s crypto market, indicating expanding global interest. Spain's proactive regulatory stance towards digital assets and early implementation of EU regulations are shaping a more structured market, encouraging more entities to enter the Spanish crypto space. The evolving regulatory landscape suggests a maturing cryptocurrency market in Spain, positioning it as a key player in the European crypto market, while ongoing developments and regulatory adjustments will likely shape the dynamics of the cryptocurrency landscape in Spain.
According to the latest data from Spain’s central bank, the registry began in 2022 and added 30 new companies this year. This marks a 56% growth compared to the 53 companies registered in the inaugural year. Notably, the Spanish Ministry of Economy and Digital Transformation has been at the forefront, announcing the early implementation of the European Union’s Markets in Crypto-Assets Regulation, shaping the market and encouraging more entities to enter the Spanish crypto space. Spain’s stringent oversight and integration of cryptocurrency transactions into the national financial and tax systems ensure compliance and oversight in the rapidly evolving sector, positioning Spain as a key player in the European crypto market.
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