Spain welcomes Crypto.com as a registered service provider

The exchange said it has achieved a milestone that enables the expansion of its services across Europe

article-image

Kapustin Igor/Shutterstock, modified by Blockworks

share

Crypto.com has successfully obtained registration as a virtual asset service provider from the Bank of Spain, the company said Friday.

With regulators in the European Union set to adopt new standards and requirements aligned with Markets in Crypto Assets (MiCA), Spain appears to be positioning itself as an early adopter and regulator-friendly environment for crypto-related activities.

“With this registration, Crypto.com may offer a suite of its products and services to users in Spain,” the exchange said in a statement.

Spain’s central bank, the Bank of Spain, is responsible for granting licenses for the trading of cryptocurrencies and digital tokens. These licenses are aimed at safeguarding users and overseeing the activities of crypto trading.

To obtain a license, companies must provide a currency exchange registration form, custody service registration form, suitability assessment form for the company and its management, a manual for preventing money laundering and terrorist financing and a risk analysis document.

Institutions should apply via an electronic registry, and the central bank will take up to three months to process the application, according to a process description.

The development follows the closure of Crypto.com’s institutional exchange service for customers in the US.

Crypto.com clarified that the reason behind that decision was the insufficient interest caused by the current regulatory conditions in the US, a likely reference to ongoing legal actions against prominent exchanges Binance and Coinbase.

Despite the setback, June hasn’t been so bad for the exchange, as it also scored a license for digital payment token services in Singapore.


Get the news in your inbox. Explore Blockworks newsletters:

  • Blockworks Daily: The newsletter that helps thousands of investors understand crypto and the markets, by Byron Gilliam.
  • Empire: Start your morning with the top news and analysis to inform your day in crypto.
  • Forward Guidance: Reporting and analysis on the growing intersection of crypto and macroeconomics, policy and finance.
  • 0xResearch: Alpha directly in your inbox. Market highlights, data, degen trade ideas, governance updates, token performance and more.
  • Lightspeed: Built for Solana investors, developers and community members. The latest from one of crypto’s hottest networks.
  • The Drop: For crypto collectors and traders, covering apps, games, memes and more.
  • Supply Shock: Tracking Bitcoin’s rise from internet plaything worth less than a penny to global phenomenon disrupting money as we know it.
Tags

Upcoming Events

Industry City | Brooklyn, NY

TUES - THURS, JUNE 24 - 26, 2025

Permissionless IV serves as the definitive gathering for crypto’s technical founders, developers, and builders to come together and create the future.If you’re ready to shape the future of crypto, Permissionless IV is where it happens.

Old Billingsgate

Mon - Wed, October 13 - 15, 2025

Blockworks’ Digital Asset Summit (DAS) will feature conversations between the builders, allocators, and legislators who will shape the trajectory of the digital asset ecosystem in the US and abroad.

recent research

Research Report Templates.jpg

Research

Bluefin possibly stands at an inflection point. The token is near an all-time low yet the protocol’s spot volume market share and derivatives exchange usage have been increasing month over month since its November launch. Given its current market position and the upcoming upgrades (for both Bluefin and SUI), there may be upside potential before the increased supply growth in December. However, strong opposition from existing competitors (like Cetus and Suilend), as well as new entrants (like Aftermath), pose key challenges to Bluefin’s medium-term success.

article-image

Top Committee Democrat Sen. Elizabeth Warren in her opening statement accused Atkins of “helping billionaire CEOs like Sam Bankman-Fried”

article-image

Introducing garbled circuits for enhanced privacy and regulatory compliance

article-image

Ross Ulbricht was a freedom maximalist building freedom tech, powered by Bitcoin

article-image

Solana validators can reap benefits including payments, votes and community clout

article-image

Sponsored

WalletConnect is cementing itself as the essential connectivity layer, ensuring wallets remain the entry point for billions of users

article-image

According to a legal filing, Galaxy Digital helped boost the price of LUNA while quietly selling its tokens