BBVA gets the green light for Bitcoin and the trading of ether in Spain

The Spanish financial group Banco Bilbao Vizcaya Argentaria (BBVA) has received approval from the country’s financial organizer to provide Bitcoin (BTC) and ETHER (ETH) trading to its customers, according to it. Reuters.

BBVA expansion in the cryptocurrency trading follows the full implementation of the markets in organizing encrypted assets (MICA) at the end of 2024. The approval BBVA allows its customers to be provided by accessing digital assets, and concludes the bank’s multi -year process to enter the raised currency market. Although Mika is now valid, the cryptocurrency companies in the European Union until July 2026 have to comply with the organization during a 18 -month transition period.

MICA has created traditional financial institutions and the original coil -currency companies to accelerate their efforts to secure licenses and expand their encrypted currency services. Hidden Road was granted the Mika License Company in the Netherlands on December 30, 2024. Standard Chartard obtained approval in Luxembourg on January 9, and Boerse Stuttgart Digital Ractody became the first MICA coded service provider in Germany on January 17.

Cracking companies also adapt to the new organizational environment. In January 2025, major exchanges such as OKX, Crypto.com and Hashkey got MICA approval. Bybit, which has seen one of the largest breakthroughs in the history of the encrypted currency, has recently been removed from the France ban list and it appears to be seeking a MICA license at the present time.

BBVA Road to the expansion of the encrypted currency

BBVA’s interest in the cryptocurrency returns to 2020 when she tried to provide digital asset services, pending organizational approval. Mika was not yet valid at the time, so BBVA planned to launch encrypted currency services from Switzerland. The supervisory body in the financial market in Switzerland has had a clear regulatory framework for digital assets, making it an attractive starting point.

BBVA took its first step in the cryptocurrency market earlier this year, when it came Cracks trading in Türkiye Through a local subsidiary. The bank focused on the Turkish market, where the country had a more firm regulatory environment for digital assets.

According to Javier Peña, head of the BBVA digital assets, the bank’s transfer to the coded currency was affected by organizational clarity from Mika and the transformation of political dynamics and the market. Benia said that the position of US President -elect Donald Trump, supporting the currency during his campaign, was a worker. Trump expressed his support for Bitcoin and recently announced that the US government will create a strategic reserve for the encrypted currency.

The rise of the money traded in the Bitcoin exchange (ETFS) also contributed to an increasing in encrypted currencies. The investment funds circulated in the United States attracted more than $ 35 billion in flows per year, indicating a strong institutional demand for digital assets.

European banks expand to encryption

BBVA is not the only European bank that enters the cryptocurrency. Deutsche Bank works on rollup ethereum with Zksync and created an encrypted currency custody service with Taurus. The SG-FORGE unit also entered the Société générale the market, where Stablecoin launched the euro at the Professor XRP book.

MICA provides one framework for digital asset services throughout the European Union, and therefore it is expected to enter more financial institutions in encrypted currency markets. BBVA approval allows the submission of cryptocurrency trading to a broader customer base.

(Image by Pixabay))

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Signs: Blockchainand Codedand ether