Austrian cryptocurrency exchange Bitpanda is expanding to Spain, after registering as a virtual currency exchange and digital asset custody service provider in the country.
The company was officially entered into the Bank of Spain’s registry for crypto firms on June 16, according to the bank’s official website, and Bitpanda announced the news on Tuesday.
Bank of Spain opened its registry for crypto service providers back in October 2021, and Spanish crypto exchange Bit2Me became the first company to be added to the registry in February this year.
The European Union (EU) is planning to set up a license that would allow crypto firms regulated in one EU country to operate in others under its upcoming Markets in Crypto Assets (MiCA) bill. The MiCA framework is in the final stage of the EU’s legislative process.
But Bipanda, which had a valuation of around $4.1 billion as of August 2021, is not waiting around for the EU license to kick in, successfully registering in virtual asset service provider registries in both Italy and Sweden earlier this year. It…