Obtains VASP Registration in Spain Obtains VASP Registration in Spain

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Singapore-based crypto exchange announced it secured registration as a Virtual Asset Service Provider (VASP) in Spain.

Cryptocurrency exchange has received registration as a virtual Asset Service Provider (VASP) from the Bank of Spain. The Singapore-based exchange obtained this registration after its compliance with Anti-Money Laundering Directive (AMLD) and its ability to safeguard its users was reviewed.

The VASP registration will allow the exchange to offer its products and services to customers in Spain.

Kris Marszalek, CEO of commented:

Receiving the VASP registration from the Bank of Spain is the latest testament to our commitment to compliance and eagerness to work with regulators and public officials in responsibly advancing crypto and blockchain technology.


We look forward to continuing to work with the Bank of Spain as we launch our products and services in-market and providing users with the comprehensive, safe and secure crypto experience that they desire.

The exchange has been gaining regulatory momentum in recent times. Most recently, was granted a Major Payment Institution License (MPI) for Digital Payment Token services in Singapore. also received the following:

Registration as a Digital Asset Service Provider (DASP) by the Autorité des marchés financiers (AMF) in France; registration approval as a crypto asset business from the UK Financial Conduct Authority (FCA); approval of its MVP Preparatory Licence from the Dubai Virtual Assets Regulatory Authority (VARA); Electronic Financial Transaction Act and Virtual Asset Service Provider registration in South Korea; registration approval as a Digital Currency Exchange Provider and Independent Remittance Dealer in Australia by AUSTRAC; an Australian Financial Services Licence and Australian Credit Licence from the Australian Securities and Investments Commission (ASIC); registration in Italy from the Organismo Agenti e Mediatori (OAM); registration in Greece from the Hellenic Capital Market Commission; registration in Cyprus from the Securities and Exchange Commission; regulatory approval from the Cayman Islands Monetary Authority; a US Commodity Futures Trading Commission (CFTC) regulated Derivatives Clearing Organization (DCO) and a Designated Contracts Market (DCM); and a pre-registration undertaking with the Ontario Securities Commission and Canada Securities Administrators, among others.

Trading Practices Called Into Question received some negative attention recently after the Financial Times published a report calling the exchange’s trading practices into question. According to the report, the exchange operates proprietary trading and market-making teams. denied the allegations made by the Financial Times.

Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

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