The Register of providers engaged in exchange services between virtual currencies and fiat currencies and custodian wallet providers contains the identification data of these providers, pursuant to the Second Additional Provision of Law 10/2010 of 28 April 2010 on the prevention of money laundering and terrorist financing (“Law 10/2010”).
In this regard, these providers shall be obliged to comply with the requirements set out in the regulations on the prevention of money laundering and terrorist financing.
The registration requires that the providers comply with the following requirements: (i) adequate internal procedures and units for the prevention of money laundering and terrorist financing, and (ii) proper commercial and professional reputation.
Law 10/2010 has included these providers as obliged entities under this act and sets forth an obligation to be registered in the Banco de España; however, it does not establish rules on financial supervision, prudential supervision, corporate governance, technological security, market conduct or transparency of information. For instance, the Banco de España does not monitor, for example, the financial or operational and security risks of these businesses, nor does it have any powers on business conduct over these providers.
Therefore, registration does not entail approval or verification of the activity carried out by the providers engaged in exchange services between virtual currencies and fiat currencies and custodian wallet providers by the Banco de España.
Additionally, to be included in this Register does not, under any circumstances, authorize the natural or legal person registered to develop activities or provide services reserved by the regulations applicable to certain entities subject to a previous administrative authorization or inclusion in another register (such as, for example, receive repayable funds from the public, reserved to credit institutions, in accordance with the provisions of Law 10/2014, of June 26, on the regulation, supervision and solvency of credit institutions; the provision of payment services, reserved to the payment service providers listed in art. 5 of Royal Decree-Law 19/2018, of November 23, on payment services and other urgent measures in financial matters; or the issuance of electronic money, reserved to the entities listed in art. 2 of Law 21/2011, of July 26, on electronic money). Within the scope of the competences of Banco de España, the exercise of these activities without the previous authorization or registration required by the applicable sectorial regulations would be sanctionable in accordance with the terms of said regulations.
The foregoing is without prejudice to the general provisions on consumer and user protection and the powers of the National Securities Market Commission in crypto-asset advertising.
For more information on "cryptocurrencies", please find attached below a link to the CNMV and the Banco de España's joint statement on the risk of cryptocurrencies as an investment:
The file below allows users to check the current registry details on a provider engaged in exchange services between virtual currencies and fiat currencies or a custodian wallet provider.
Updated details: 1 June 2023
- Register of providers engaged in exchange services between virtual currencies and fiat currencies and custodian wallet providers (19 KB)
The Banco de España publishes this information in compliance with a legal obligation.
The information contained in this website is for information purposes only. This website does not vouch for the content of the Banco de España's registry entries. Only the certification proves, to the detriment of third parties, the information referred to on this website.