Bank of Spain – DIGIT INFO

Bank of Spain Greenlights Euro-Backed Stablecoin Token Pilot Program

DIGIT — Mon, 23 Jan 2023 07:00:56 +0000

The Bank of Spain has given approval for the launch of a pilot program involving the issuance and usage of euro-pegged stablecoins. The program, which MONEI, a fintech institution, is launching, will allow users to issue digital euros with fiat deposits in order to experiment with these in payment applications, increasing their transparency. Bank of […]

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Spanish Airline Vueling to Accept Cryptocurrency as Means of Payment

DIGIT — Tue, 17 Jan 2023 12:30:03 +0000

Vueling, a low-cost Spanish airline, has announced it is exploring the functionality of blockchain and NFT (non-fungible token) technology to accept cryptocurrency as a means of payment for its services. The company enlisted the aid of Criptan, a registered Spanish cryptocurrency exchange, and aims to open this payment option for users by Q3 2023. Vueling […]

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Basel Committee Finalizes Rules for Bank Exposure to Cryptocurrency Assets

DIGIT — Mon, 19 Dec 2022 15:30:48 +0000

The Basel Committee, the organization in charge of setting global bank standards, has finalized its new rules related to banks and cryptocurrency exposure. The document establishes two different crypto asset classes, including tokenized real assets and stablecoins in one, and other cryptocurrencies in another, discriminating on the collateral and quantity that banks might hold for […]

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Bank of Spain to Launch Experimental Wholesale CBDC Digital Token Program

DIGIT — Thu, 08 Dec 2022 12:30:57 +0000

The Bank of Spain is seeking the collaboration of organizations interested in participating in an experimental test on a wholesale central bank digital currency (CBDC). The institution clarified this new program has no relation with the current investigation on a possible digital euro, and has the objective of examining the real possibilities and advantages of […]

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Spain’s central bank to experiment with wholesale CBDCs

DIGIT — Thu, 08 Dec 2022 06:42:46 +0000

The Bank of Spain said the study can help determine to what extent it can adapt to the “needs and demands of an increasingly digital society.”

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Google to Require Government Authorization to Provide Advertising Services for Financial Products in Spain

DIGIT — Fri, 07 Oct 2022 22:30:46 +0000

Google, the web search and software monolith, has announced that it will require authorization from government entities to lend advertising services to financial companies in Spain. This measure, which was also implemented in the U.K. back in 2021, is expected to be extended to more countries in coming months. Google to Require Government Authorization of […]

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Eurocoinpay Partners With Mastercard to Launch One of the First Cryptocurrency Based Cards in Spain

DIGIT — Tue, 20 Sep 2022 11:30:04 +0000

Eurocoinpay, a Spanish cryptocurrency exchange, has closed a deal to offer one of the first cryptocurrency-based debit cards in Spain. The card, which is already available for customers of Eurocoinpay, will allow users to acquire products in more than 90 million establishments in the European Union and around the world. Eurocoinpay Aims to Introduce Crypto […]

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Moody’s States Inflation Is Affecting Economic Recovery in Part of Latam

DIGIT — Thu, 25 Aug 2022 10:00:42 +0000

Moody’s, the asset quality rating agency, has warned the high rate of inflation that some countries are facing in Latam will affect the economic recovery in the region. Brazil, Chile, and Mexico are said to be the countries more affected by this phenomenon, and their recovery will depend on other factors to attenuate the effects […]

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Report: Bank of Spain Worried About Inflation and Its Consequences in Latam

DIGIT — Mon, 18 Jul 2022 19:30:00 +0000

The Bank of Spain has issued a new report about the performance of Latam economies during the first six months of the year. The document states that the current inflationary development that several countries of the region have can lead to institutional instability, even as the region is still recovering from the Covid-19 pandemic. Bank […]

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Binance Gets VASP License From the Bank of Spain

DIGIT — Mon, 11 Jul 2022 06:30:47 +0000

Binance, one of the largest crypto exchanges worldwide, has secured a license from the Bank of Spain that will let the exchange operate in compliance with the local laws. This certification means that the exchange is currently complying with its AML/KYC processes required by the government of the country. More than 17 companies have received […]

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