Spain

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Spain Reduces ATM Numbers to 2002 Levels as Country Moves to Digital Payments

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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 … Read more

Santander Prepares to Offer Bitcoin ETF in Spain

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Santander, a leading financial institution in Spain, is preparing to offer a Bitcoin ETF to its customers in the country. This, while Spanish asset managers have been largely reluctant to embrace crypto products as part of their investment portfolio offerings to customers. Santander Bitcoin ETF in Preparation Santander will be giving the finishing touches to … Read more

Spanish Banks Interested in Offering Crypto Assets to Their Customers

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Spanish banks are preparing for the possibility of offering crypto assets directly to their customers. According to new regulations, the Bank of Spain must formulate a list of virtual asset service providers and custody companies. However, these institutions are still not sure if they must apply, because banks already comply with anti-money laundering directives derived … Read more

National Police in Spain Warn of Surge in Cryptocurrency-Related Scams

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The National Police have issued a warning for a wave of cryptocurrency-related investment scams in Spain. The amount that has been lost in these kinds of investments recently is €240,000 related to just two complaints. However, there has been a rise in the complaints presented by citizens due to the popularity that these financial instruments … Read more