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❕NEWS Spanish Banks Grows Interest To Offer Crypto Assets To Its Customers

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SCAMEXPOSER

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The Spanish banks have discovered the enormous potentials in cryptocurrency. They are keenly interested in offering cryptocurrency services to their customers and set up arrangements to even comply with any regulations attached to it, already there are plans to register for the list of virtual asset service providers and custody organizations. These must be compiled by the Bank of Spain before October 29. Already, Spanish banks are currently complying with anti-money laundering laws.
If this development could spread to other part of the country it will be fine.
 
This is good that banks and other institutions are getting interested in crypto currency. I think this will even help beginners or new users to have the needed confidence to invest in.crypto.
 
The Spanish banks have discovered the enormous potentials in cryptocurrency. They are keenly interested in offering cryptocurrency services to their customers and set up arrangements to even comply with any regulations attached to it, already there are plans to register for the list of virtual asset service providers and custody organizations. These must be compiled by the Bank of Spain before October 29. Already, Spanish banks are currently complying with anti-money laundering laws.
If this development could spread to other part of the country it will be fine.
even broader since there are some specific regulations how citizens of the European union shall be able to access services in other countries... looks very promising! Specially if the banks can target all citizen of the European union.
 
This is very good , I guess crypto currency are now been used for money laundering , so it's a great thing that anti money laundering policy is created to prevent frauds I think
 
There are some countries that might be tempted by the possibility of taking a short cut and thus adopting crypto assets as national currencies. While many of these assets are indeed safe, easy to obtain, and the cost to trade low, in most cases the risks and costs outweigh the potential benefits.
Crypto assets are currencies issued by the private sector based on cryptographic techniques and denominated in their own unit of account. Its value may be highly volatile. Bitcoin, for example, peaked at $65,000 in April and fell to less than half that amount just two months later.
 
Exactly no country can run and any country that is already weaker in terms of economy won't even think about it , there are laws in some countries that restrict such activities based on their special laws but people are trading even still , So the market is getting higher volume now but still the crackdowns are very active in the market as well .
 
It's a good move from spanish banks, but hope the government knows about this services? Cryptocurrency no doubt is an asset, that's why they're interested in dealing with it, but at the same time shouldn't be a means for money laundering. Nowadays many countries banks i hear of are also interested in introducing a cryptocurrency services to their customers. A welcomed development that creates job opportunities.
 
Exactly no country can run and any country that is already weaker in terms of economy won't even think about it , there are laws in some countries that restrict such activities based on their special laws but people are trading even still , So the market is getting higher volume now but still the crackdowns are very active in the market as well .
the countries government could create or make laws ,but some people might never even listen ,, since some people are just interested in cryptocurrency growth and nothing other than that ,some are trading cryptocurrency to earn money for themselves at the end of the day
 
Crypto is almost being used by the worth individuals in one direction and that is to take advantage of the market , most of the people that are dealing in the Crypto Market are short term traders or the wealthy businessmen , the market is saturated and it is dealing lying within the range of $23,900 and $24,700 let's see next now .
 
Exactly no country can run and any country that is already weaker in terms of economy won't even think about it , there are laws in some countries that restrict such activities based on their special laws but people are trading even still , So the market is getting higher volume now but still the crackdowns are very active in the market as well .

Actually, we may not consider inflation as a problem of a single country only. Right now we are facing the issue of global economical crisis as the problem of inflation is prevalent in many countries. having said that, I think that the Spanish banks would like many cryptocurrency enthusiasts to invest because now a large percentage of folks hold cryptocurrencies and investments made by cryptocurrency investors could be really fruitful for the country.
 
اكتشفت البنوك الإسبانية الإمكانات الهائلة في العملات المشفرة. إنهم مهتمون بشدة بتقديم خدمات العملات المشفرة لعملائهم ووضع ترتيبات للامتثال حتى لأي لوائح ملحقة بها ، وهناك بالفعل خطط للتسجيل في قائمة موفري خدمات الأصول الافتراضية ومؤسسات الحفظ. يجب أن يجمعها بنك إسبانيا قبل 29 أكتوبر. وبالفعل ، تلتزم البنوك الإسبانية حاليًا بقوانين مكافحة غسيل الأموال.
إذا كان هذا التطور يمكن أن ينتشر إلى جزء آخر من البلاد فسيكون ذلك على ما يرام.
wooooooooooooow
 
Spanish banks want to ensure their safety and they want to deal with inflation using Crypto the laws in the spain are designed by the Parliament but they can always be checked by their supreme court at any time that is why they make right decisions , Since they are located to south of america where inflation is high and people have low quality jobs paying them way less than they work .
 
the countries government could create or make laws ,but some people might never even listen ,, since some people are just interested in cryptocurrency growth and nothing other than that ,some are trading cryptocurrency to earn money for themselves at the end of the day

The fact of the matter is that many countries usually increase the interest rates because they think that surging the interest rates would offer relief when it comes to battling inflation. However, this could have a big impact on borrowers and other kind of nations that have been suffering from inflation. This is what many countries do in order to increase the value of their local currencies. However, surprisingly, the value of U.S dollar declined after the federal reserve increase the interest rates this time. This indicates that the value of local currency depends on many factors.
 
I believe this is just the start of what is about to happen in cryptocurrency. The Spanish Bank has taken a bold step to implement the service of offering cryptocurrency to its customers. I believe the customers will be happy as the bank introduce this services, and it is to be regulated, by doing this all transactions in cryptocurrency will comply with regulated to prevent abuse of it.
 
The fact of the matter is that many countries usually increase the interest rates because they think that surging the interest rates would offer relief when it comes to battling inflation. However, this could have a big impact on borrowers and other kind of nations that have been suffering from inflation. This is what many countries do in order to increase the value of their local currencies. However, surprisingly, the value of U.S dollar declined after the federal reserve increase the interest rates this time. This indicates that the value of local currency depends on many factors.
yeah just like the way cryptocurrency is been affected ,I think the value of local currency depends on different factors ,that's why at times there are some currencies that are actually very much affected by the fundamental analysis and others in that regards
 
It is a good thing that the government of Spain are doing the right thing by adopting cryptocurrency in the country. This is a very good way to manage the ravaging inflation rate in the country. Legalizing cryptocurrency is definitely the way-out of high inflation in the country.
 
Introducing crypto to the banking system is not the problem, the problem is getting ahead with the plan. There are some countries that have introduced crypto to their banking systems but couldn't really withstand the volatility of cryptocurrency until the policy became a shadow of itself.
 
Introducing crypto to the banking system is not the problem, the problem is getting ahead with the plan. There are some countries that have introduced crypto to their banking systems but couldn't really withstand the volatility of cryptocurrency until the policy became a shadow of itself.

The El Salvador government has made cryptocurrency a legal tender and as far as I know, they have also introduced cryptocurrencies into their banking and financial system as well. Well, obviously, this has many negative and positive effects on the development and management of cryptocurrencies. However, when it comes to introducing cryptocurrencies into your financial system, you must be prepared to tackle the challenges associated with it by hiring a team of professionals.
 
The Spanish banks have discovered the enormous potentials in cryptocurrency. They are keenly interested in offering cryptocurrency services to their customers and set up arrangements to even comply with any regulations attached to it, already there are plans to register for the list of virtual asset service providers and custody organizations. These must be compiled by the Bank of Spain before October 29. Already, Spanish banks are currently complying with anti-money laundering laws.
If this development could spread to other part of the country it will be fine.
It is good to see that there are banks as well that are looking to offer the crypto coins to their custimers as well because it hink that this will be imperative in trying to increase the amount of confidence that they have in these coins as well because it is being given by some sort of reputable institution that they know that they can trust with their money.
 
It is good to see that there are banks as well that are looking to offer the crypto coins to their custimers as well because it hink that this will be imperative in trying to increase the amount of confidence that they have in these coins as well because it is being given by some sort of reputable institution that they know that they can trust with their money.

The fact of the matter is that just like many other countries, Spain is also eyeing to produce its own token that might be issued by the central bank of the country. This is a proposition by the ruling party in Spain as of now and I guess that it could be a great decision by the country's government if they manage to create their own token.
 

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