As stated by the sources at the Banco de Espana, financial organizations are obliged to disclose information about virtual assets. Authorities plan to examine the effect of digital money on financial services.
Spanish financial authorities do not disclose their attitude towards digital assets. But this year, the situation changed, and this year it established a registry for virtual assets service providers. Now it is moving on to the banks and the way they use cryptocurrencies.
So, financial organizations that plan to roll out crypto projects or offer custody for existing cryptocurrencies in the next three years must also unveil such plans.
