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Usha Yadav
Oct 13, 2022
by Usha Yadav

Crypto Banking Platform BVNK Wins Registration in Spain

BVNK

Table of contents

  1. BVNK Gets Registered to Provide Services in Spain
  2. BVNK Future Plans
The virtual asset services provider (VASP) registration in Spain has been granted to the cryptocurrency banking and payments platform BVNK. By becoming registered with the Bank of Spain, BVNK can provide its services to businesses all over the nation. BVNK enables companies to offer cryptocurrency services not currently provided by other payment and settlement providers. More than 100 cryptocurrencies, including bitcoin (BTC), ether (ETH), Cardano's ADA, and Solana's SOL, are supported by its business accounts.

BVNK Gets Registered to Provide Services in Spain

BVNK described VASP registration in Spain as a "springboard for expansion" throughout the European Union in a statement released Thursday (EU). Markets in Crypto Assets (MiCA) regulation, which is about to become law, will allow crypto businesses authorized in any of the 27 EU member states to advertise their services throughout the bloc.

London-based In May of this year, BVNK raised $40 million in funding before becoming life in October of 2021. In the past 12 months, it has increased its headcount from 40 to 160, with hopes to reach 250 in 2019.

BVNK Future Plans

For fast-growing international companies and partners seeking digital-asset financial services, BVNK aims to close that gap in the mid-market.  Following its debut, BVNK's priority is to develop its product features and obtain operational licenses from European regulatory agencies. It intends to cater to wealth managers, corporate service providers, fintech companies, and private banks who wish to deliver digital asset services to their clients, especially those who fall between retail and institutional markets with multimillion-dollar valuations.

 

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Crypto Banking VASP Bitcoin BVNK
Crypto Banking Platform BVNK Wins Registration in Spain
Usha Yadav
Usha is a diehard crypto enthusiast and has been actively writing on different facets of the blockchain and crypto world. She has authored many research articles on cryptocurrency and aims to provide informational and quality content to readers. She firmly believes that crypto has a great potential to redefine the world of finance and blockchain.

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