BBVA gets an organizational gesture to provide bitcoin trading and ether in Spain
Banco Bilbao Vizcaya Argentaria (BBVA) announced on March 10 that it had received a gesture from the securities organizer in Spain, comisión nacional de Mercado de Valores (CNMV), to provide Bitcoin (BTC) And the fragrance (EthCommercial services for 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 Battle in The encryption began in SwitzerlandWhere the nursery and trading services in Bitcoin were launched for private banking customers in June 2021. The Swiss branch has since expanded its offers to include Eter and USDC (USDC) Stablecoin.
In January 2025, Turkish BBVA BBVA Kripto launched her Curved trading services for the public. With Spain now, BBVA expands encryption services in line with advanced European regulations.
Tradfi and Crypto companies are scrambling for the mica permit
BBVA expansion comes as Markets in the organization of encrypted trim (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 their requirements under a 18 -month transition.
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 Mika license in the Netherlands on December 30, 2024. Standard Charterd followed on January 9Obtaining approval in Luxembourg, while Boorese Stuttgart Digital Customy became The first licensed encryption service provider from Mika On January 17.
The original encrypted companies also adapt to the new organizational scene. In January 2025, Main exchanges okx, crypto.com and Hashkey all the approval of the included mica. Beetb, who suffered The biggest penetration in the date of encryptionIt was recently It was removed from the blacklist in France He expressed his intention to obtain the Mika license after that.
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