Spain’s crypto firms to face new registration requirements under EU-driven bill

posted 3 months ago
Lawmakers in Spain are working on amending the nation’s anti-money laundering and terrorist financing laws to be in compliance with European Union law, six months after the EU’s deadline.

A proposed amendment published over a week ago will require virtual currency service providers to register with the Bank of Spain. If enacted, the law will place Spain in compliance with the EU’s 5th Anti Money-Laundering Directive (AMLD5), the bloc-wide mandate introduced in 2018, to strengthen preventative measures against financial crime.
Tags: bitcoin, blockchain, news