Bank Of Spain Adds 17 New Companies To Its Crypto Registry, Big Names Still Missing

The Bank of Spain has added 17 virtual asset service providers in its own registry, in which cryptocurrency exchanges and custody providers must be listed to operate, according to Spanish law.

Last week, new companies, including Jobchain España, Jobchain Austria, Criptan Trade, Eurocoin Broker, Lemacoin Crypto Solutions, Bitpanda and Vottun were included, but many big names in the crypto ecosystem are still not registered.

The registration of these companies accelerated this month, with most of the newbie crypto exchanges being local firms that want to be sure they are compliant with Spanish laws.

The registry now includes C.R. Tecnología y Finanzas, Bitcoininforme, Bit Base, Blox, Trade Republic Bank, Globalstar Technologies, Onyze Digital Assets, Bitgo Deutschland and BTC Direct Europe, apart from the companies mentioned above.

While the registry has been successful with local companies, making them register their operations and implementing the compliance tools for money laundering purposes, the reception has not been as successful with bigger exchanges.

Companies like Binance and other large exchanges are still out of the list and are part of a list of exchanges currently in regulatory limbo.

Binance, specifically, has been named in a grey list issued by the Bank of Spain that includes cryptocurrency exchanges operating in the country.

As per reports, the company is already in talks to be included in the crypto registry of the Bank of Spain, but it has still not been approved by the central bank.