Cryptocurrency exchange Bitstamp has received approval from the country’s central bank to operate in Spain.
Recent FTX ring issues have shaken confidence in cryptocurrency exchanges. Cryptocurrency investors started to turn to cold wallets with the collapse and bankruptcy of FTX. Binance shared the assets of the exchange with the principle of transparency and open sharing. The asset sharing of the popular cryptocurrency exchange Binance was accompanied by other exchanges. While all these processes were going on, Bitstamp received permission from Spain for its activities.
Bitstamp Now Approved in Spain
Cryptocurrency exchange Bitstamp has announced that it will offer virtual currency swap services to Spanish users for fiat currency and electronic wallet custody services.
This approval, which the stock market received, came after it had previously received Italian approval. Founded in 2011, the stock exchange was registered to operate in Luxembourg and the Netherlands.
It is noteworthy that crypto money exchanges are officially registered or approved in countries. These moves, which were also seen as positive in terms of regulations and inspections, were greeted with optimism by many investors.
Recently, Coinbase exchange received approval in the Netherlands, Luno in France and CryptoCom exchange in Italy.
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