Banco Bilbao Vizcaya Argentaria (BBVA) announced on March 10 that it had received a gesture from the securities organizer in Spain, Comisión Nacional Del Mercado de Valores (CNMV), to provide trading services in Bitcoin (BTC) and Eter (ETH) to its customers.
The encryption offers in Spain in Spain will enable users to buy, sell and manage digital assets through their mobile application. Lender He said Its coding nursery platform will use its own encryption to maintain full control over customer holdings without the participation of a third party.
Initially, the driver will be limited to a selection of users before gradually expanding to all customers throughout the Iberian nation in the coming months.
Related to: Bitcoin and Ether “improve” wallet performance: BBVA
BBVA’s encryption trip started in Switzerland
BBVA’s invasion of Crypto began in Switzerland, where Bitcoin’s nursery and trade services were launched for private banking clients in June 2021. The Swiss branch has since expanded its offers to include Ether and USDC (USDC) Stablecoin.
In January 2025, the BBVA GARANTI BBVA Kripto BBVA BBVA KRIPTO launched encryption services for the public. With Spain now, BBVA expands encryption services in line with advanced European regulations. BBVA’s expansion comes as markets in regulating encryption wages (MICA) reached full implementation at the end of 2024. While the framework is now in effect, the European Union encryption companies until July 2026 to fully comply with its requirements under a transition for 18 months. Grandfather, or the transition, to become encryption companies compatible with Mika until July 2026. Source: ESMA Since the start of MICA, traditional financing companies have accelerated their efforts to secure MICA licenses and integrate encryption services. The main hidden road for mediation Metni MICA license in the Netherlands on December 30, 2024. It was followed by Standard Charterd on January 9, and he obtained approval in Luxembourg, while Boerse Stuttgart Digital Custody became the first licensed encryption service provider in Germany on January 17. The original encrypted companies also adapt to the new organizational scene. In January 2025, all the main exchanges of OKX, Crypto.com and Hashkey made all the approval of the mica. Bybit, which suffered from the largest penetration in the history of encryption, was removed recently from the blacklist in France and expressed its intention to obtain a MICA license after that. magazine: SEC’s U-Orn on Crypto Main Questions Waves without answering
Tradfi and Crypto companies are scrambling for the mica permit
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