Stratis Blockchain Receives Virtual Asset Service Provider (VASP) Registration in Spain

cryptonews.com:

Stratis, a blockchain company specializing in flexible and modular enterprise-grade solutions, has achieved a significant milestone by receiving Virtual Asset Service Provider (VASP) registration from the Banco de España, the central bank of Spain. This registration officially recognizes Stratis as a registered blockchain platform operating in the country.

The announcement, made on March 28, highlights that Stratis’ Layer 1 blockchain platform is now authorized to provide crypto-to-fiat exchange services and crypto custodial services to users within the Spanish market. This achievement follows a rigorous review of Stratis’ compliance policies, ensuring adherence to Spain’s Anti-Money Laundering Directive and other financial regulations.

Announcement:

Stratis has obtained a Virtual Asset Services Provider (VASP) registration from the Bank of Spain. Joining top companies like Binance, Crypto. com and Coinbase on Spain’s VASP registry.

More details to follow in the coming days. pic.twitter.com/IxKIQp1yKe

— Stratisplatform (@stratisplatform) March 28, 2024

By obtaining VASP registration, Stratis demonstrates its commitment to regulatory compliance and positions itself as a trusted provider of blockchain services in Spain. This recognition opens up new opportunities for the company to serve the growing demand for secure and compliant blockchain solutions within the Spanish financial landscape.

Having obtained Virtual Asset Service Provider (VASP) registration from Spain’s central bank, Stratis is poised to expand its offerings in the Spanish market. The company plans to introduce crypto payment acceptance services, mainly targeting Spain’s tourism and entertainment sectors. This initiative aims to enhance the appeal of Spanish