Crypto platform BVNK will operate as a virtual asset services provider (VASP) in Spain.
With the rapid development of the crypto money industry, the work in this field has also gained momentum. In particular, companies and countries are joining forces to protect investors. The company, which has prepared its services by obtaining approval, will now be able to access Spanish users in the full sense.
BVNK Receives Operating Approval from the Bank of Spain
Crypto banking and payments platform BVNK has received regulatory approval to operate in Spain.
Helping businesses provide crypto services not otherwise offered by existing payment and payment providers, BVNK supports over 100 cryptocurrencies including Bitcoin (BTC), Ethereum (ETH), Cardano (ADA) and Solana (SOL).
The crypto platform will operate as a virtual asset services provider (VASP) in Spain. With the approval received, it will be able to offer its services to companies across the country.
London-based BVNK, which started its operations in October 2021, received an investment of 40 million dollars in May. Expanding its workspace, the company has increased its workforce from 40 to 160 in the past 12 months and plans to increase it to 250 next year.
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