BitBase is admitted by the Bank of Spain in the Registry of Service Providers for the Exchange of Virtual Currency for Fiduciary Currency

©Reuters. BitBase is admitted by the Bank of Spain in the Registry of Service Providers for the Exchange of Virtual Currency for Fiduciary Currency

BitBase, the Spanish company of cryptocurrency ATMs, announced yesterday that it was admitted by the Bank of Spain in the Registry of Providers of Services of Exchange of Virtual Currency for Fiduciary Currency.

The registration dated February 23, 2022, thus converts the physical cryptocurrency exchange, now admitted by the national central bank, as a member of the almost exclusive list (which only includes three companies) of companies dedicated to this sector that already have received the Bank’s permission.

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In this sense, they tell us from the legal department of the company, that they have been working for months to achieve this milestone, and that this recognition means the fact that BitBase complies with the regulations required in Spain in accordance with the provisions of the Prevention Law Money Laundering and Financing of Terrorism. “We also meet the requirements of commercial and professional integrity,” they said.

Read the full article on Cointelegraph

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