Update: Crypto In Spain & Celsius Payout
Coinbase has recently registered with the Bank of Spain as a cryptocurrency exchange and custodian wallet provider. This registration allows Coinbase to offer its full suite of products and services to retail and institutional users in Spain, all in compliance with the national legal framework.
Ralph Fontones
10/11/20231 min read
Coinbase selling services in Spain
Coinbase has recently registered with the Bank of Spain as a cryptocurrency exchange and custodian wallet provider 1. This registration allows Coinbase to offer its full suite of products and services to retail and institutional users in Spain, all in compliance with the national legal framework 1.
Celsius restructure plan
According to the news search results, Celsius Network, a crypto lender, has been undergoing bankruptcy proceedings. The creditors have approved a reorganization plan that would return 67%-85% of their holdings back to them 1. The plan is expected to allow customers to recover their funds, which may include distributing CEL tokens 2. The SEC has raised concerns over Coinbase’s role in the restructuring plan, claiming that it could “go far beyond the services of a distribution agent” 3.