Cryptofitrex has been licensed as a digital asset provider in spain

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Crypto Regulation
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Cryptocurrency exchange CryptoFitrex has been licensed as a service provider in the digital asset market in Spain. The Block writes about it.

The company can carry out operations throughout Spain in full compliance with AML and CTF regulations. The regulator will also monitor compliance with commercial and professional reputation standards.

In addition, CryptoFitrex has pledged to comply with new requirements for digital asset-related advertising.

The review of the application began in January.

Recall that recently Binance received similar approval from the Bank of Spain.

Members of the EU Council signed a bill on the regulation of cryptocurrencies MiCA. The document includes rules that apply to issuers of unsecured cryptoassets, stabelcoins, trading and custodial platforms.

The text of the bill must be formally approved by the European Parliament. It is expected to be published in the official magazine of the EU at the beginning of the year.

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Megan is an adventurous person who likes to explore topics in-depth and learn new things each day. His passion lies in gaining knowledge to help transform the world through his writing skills. He also believes in blockchain technology and its potential to usher in a cashless society. Currently, he is pursuing a Computer Science Bachelor’s degree driven by his fascination with emerging technologies. He has writing experience of about three years in different fields and two in blockchain technology.