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BBVA Launches Crypto Trading and Custodian Services for Spanish Retail Customers

  • BBVA, a Spanish multinational bank, has launched crypto trading and custodian services for retail customers in Spain, allowing them to buy, sell, and hold Bitcoin and Ether through the BBVA app.
  • BBVA's new initiative aligns with the EU's Market in Crypto Assets (MiCA) regulations to provide investor protection, although the bank will not offer advice on these assets, leaving clients responsible for their investments.
  • BBVA's expansion into digital assets in Spain follows previous introductions in Switzerland and Turkey, with plans to include crypto trading and custody services, as part of the bank's strategy to offer a seamless digital experience.
  • The growth of crypto adoption in Spain has led to regulatory developments and increased interest from major banks like BBVA, Banco Santander, and Caixabank, indicating a trend towards enabling crypto services to attract new investors in the country.

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