BBVA expands crypto access in Spain: Here’s what changed
2025-07-15 15:03:59
Main Idea
BBVA has expanded its crypto services in Spain, offering buy, sell, and custody for Bitcoin and Ether under the EU's MiCA regulations, integrated directly into its mobile banking app.
Key Points
1. BBVA launched crypto services in Spain on July 4, 2025, becoming the first traditional bank in the country to do so under MiCA regulations.
2. The service supports BTC and ETH trading, with custody handled directly by BBVA and full integration with existing BBVA accounts.
3. The service is available to all Spanish residents aged 18 and older with a BBVA account, expanding from earlier limited pilot projects in Switzerland and Turkey.
4. BBVA's compliance with MiCA was approved by Spain's CNMV in March 2025, positioning Spain ahead of other EU countries in implementing MiCA rules.
5. BBVA's crypto offerings are focused on simplicity and security, avoiding features like DeFi, staking, or investment advice, reflecting a compliance-first approach.
Description
Spain’s BBVA opens retail access to Bitcoin and Ether through its mobile app, offering bank-grade custody and MiCA-backed compliance without the complexity of crypto exchanges.
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