Coinbase has now secured AML registration from the Bank of Spain, shortly after the crypto exchange Crypto.com also obtained the Virtual Asset Service Provider registration in Spain
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On September 22, Coinbase announced that it had secured the Anti-Money Laundering (AML) registration with the Bank of Spain as a crypto exchange and custodian wallet provider. This marks a key milestone in their mission for global expansion of compliant crypto services.
The AML registration will allow Coinbase to offer their entire suite of products and services to retail and institutional users in Spain in compliance with the national legal framework. Users in Spain will now have access to the custody of crypto assets. They can buy and sell crypto assets in legal tender and even participate in crypto trading.