The Bank of Spain approved the entry into operation in the country of the Argentine cryptocurrency exchange Ripio. With this measure, the platform extends its operations to the old continent.

Ripio, which already offers its services in the United States and different Latin American countries, lands in Europe thanks to the approval of the Bank of Spain. In its Twitter account, the platform published that it will act as a “virtual currency exchange service provider for fiat currency and custody of electronic wallets.”

To be authorized to operate in Spain, the platforms must comply with strict requirements by local authorities, such as filling out the “currency exchange registration form, custody service records, risk analysis, and money laundering prevention controls and financing of terrorism.”

Ripio, which has already received the green light to offer its services to Spaniards, joins Bit2Me, which began operations in 2022, after receiving the license from the Bank of Spain. Later, Bitpanda, Crypto.com and Binance were approved.

M.Pino

Source: diariobitcoin

(Reference image source: Traxer, Unsplash)

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La entrada Argentine exchange Ripio authorized to operate in Spain apareció primero en Bitfinance.

Citibank reported that it is close to launching a digital asset service that will be aimed at certain clients, which will be called “Digital Assets Group.”

This service, according to the banking institution, will include the main cryptocurrencies as well as non-fungible tokens (NFT), stablecoins, CBDC, among others.

According to an internal statement, which was signed by two directors of the market and investment sector, it indicates that the new unit will be focused on “all aspects of the finance space on the blockchain, which is growing very fast.”

The directors in charge will be Alex Kriete and Greg Girasole. They will be “responsible for promoting Citi Global Wealth Investments’ efforts to become a leading market partner for our clients interested in the digital asset space,” the statement explains.

K. Tovar

Source: Geekstrong

La entrada Citibank joins the cryptocurrency market apareció primero en Bitfinance.