This registration will allow BVNK to offer crypto exchange services in Spain in compliance with the requirements of its central bank’s anti-money laundering and counter-terrorist financing (AML/CTF) rules.
At BVNK, our mission is to make payments work for crypto. In order to achieve this, it is paramount that we have robust AML and CTF controls in place to enable businesses the freedom and flexibility to seamlessly bridge between fiat and cryptocurrencies.
We have invested significantly in compliance, and this registration acknowledges the hard work and commitment of our team, providing a platform that places user and merchant protection at the centre of everything we do.
Working with the Bank of Spain over the past eight months, we found them to be a supportive and collaborative partner – serious about driving innovation and having the appetite to work with entities like ourselves to map out what a regulated future could look like. The introduction of a regulatory sandbox has shown that its government is serious about its efforts to digitally transform financial services and serve as a catalyst for innovation.
Following this registration, we are excited to continue expanding our footprint in the region and make crypto payments more accessible to merchants. If you’re interested in open roles, please check out our careers page. If you’d like to learn more about how your business can benefit from crypto payments, please contact our sales team.