Tag: Spain

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Spanish Telecom Behemoth Telefónica Weighs up Crypto Pay Options

  The Spanish telecoms giant Telefónica is mulling accepting crypto pay for “some of its services” – although it claims that its crypto projects pertaining to payments are still in the planning stage…. Read More: Spanish Telecom Behemoth Telefónica Weighs up Crypto Pay Options  Read more »Pay, Trade, Buy Bitcoin with Credit Card

FC Barcelona ‘Rejected’ USD 79.4M Sponsorship Deal from Crypto Firm over ‘Ethical’ Worries

  The President and managing board of the footballing giant FC Barcelona reportedly turned down a bumper USD 79.4 million deal with an unnamed crypto exchange company that wanted to become its shirt sponsor from next season – with the board worried that crypto is an “unethical” sector…. Read More: FC Barcelona ‘Rejected’ USD 79.4M…
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Germany-Led Group Wants a New EU Watchdog to Regulate Crypto Firms

  The European Union is planning to dote its planned anti-money laundering and terrorist financing watchdog with powers related to oversight over cryptoasset businesses, according to “people familiar with the matter.” The designed authority is to be launched in 2024 and become fully operational two years later…. Read More: Germany-Led Group Wants a New EU…
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Bank of Spain Approves Its First VASP License

The Bank of Spain, the central bank of the country, has recognized the first cryptocurrency platform that will be able to operate and provide officially approved services in the country. The first exchange to receive this approval was Bit2me, which is now approved to act as a virtual asset service provider (VASP). While this is…
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Spanish Treasury Postpones the Definition of Crypto Tax Declaration Models Until Next Year

The Spanish treasury ministry has announced it will postpone the establishment of the complete framework for declaring taxes related to cryptocurrency assets until 2023. While the Spanish government has advanced when it comes to cryptocurrency regulation, the specifics of what will be taxed and in which way are still a mystery for traders and holders.…
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New LGBT token aims for equity but raises red flags with community

While sporting a questionable name, the coin’s project says it wants to enable a “social and ethical” payment method. The cryptocurrency community has raised concerns about Mari Coin, a new token supposedly related to the LGBT+ community, with some people even suspecting the project to be a scam. Launched in December 2021, MariCoin promises to…
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Spain Reduces ATM Numbers to 2002 Levels as Country Moves to Digital Payments

The number of ATMs in Spain has been progressively shrinking to levels the country saw in the year 2002. Reports from local media suggest these actions have been taken to reduce costs and to push payment and operation digitalization in the sector. The highest number of ATMs was registered in 2008 when there were 61,714…
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Binance and FTX Competing for Landmark Barcelona Shirt Sponsorship Deal – Report

  Two major crypto exchanges – Binance and FTX – are preparing to go head-to-head in a battle to become the main shirt sponsor of the football giant FC Barcelona, a new report has claimed. The existing ties between the cash-strapped club and crypto are already substantial. The Catalan club’s current sponsor is Rakuten, a…
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Binance Must Intensify AML Compliance For Paris Expansion – French Regulator

French financial sector regulator Autorité des Marchés Financiers (AMF) has announced that crypto exchange Binance needs to intensify its efforts to ensure anti-money laundering compliance if it wants the agency’s backing for its plans to launch a regional registered office in the country’s capital…. Read More: Binance Must Intensify AML Compliance For Paris Expansion –…
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Spanish regulator raises alarm on Binance promo by soccer star Iniesta

A Binance promotion post by soccer legend Andrés Iniesta has so far amassed over 270,000 likes on Instagram. A major financial regulator in Spain has put out a warning regarding soccer star Andrés Iniesta for promoting major cryptocurrency exchange Binance. Iniesta, a prolific midfielder who has played for Barcelona and the Spanish national team, was…
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