YouHodler Secures Spanish Bank VASP Registration, Strengthens Presence in Europe
Swiss web3 fintech Yuhodler Secured Virtual Asset Service Provider (VASP) registration from the Bank of Spain. This achievement is a pivotal moment, allowing YouHodler to expand its innovative suite of financial services while remaining fully compliant with Spain’s Anti-Money Laundering (AML) and Counter-Terrorist Financing (CTF) regulations.
The Spanish bank’s VASP registration is the latest milestone in YouHodler’s mission to transform the world of finance through Web3 technology. This regulatory approval gives YouHodler the approval to provide comprehensive financial services to both individual users and businesses across Spain.
The significance of this achievement extended beyond Spanish borders. YouHodler already has a strong presence across the European Union, and this registration strengthens its commitment to compliance and security as it prepares for the impending Markets in Crypto Assets (MiCA) regulations.
Ilya Volkov, CEO and co-founder of YouHodler, said: “This achievement is a testament to our commitment to seamlessly connecting traditional and Web3 finance while maintaining compliance and security as fundamental principles.”
“In every country where we operate, we prioritize working within the local regulatory framework to provide users with innovative solutions that are fully compliant, while at the same time contributing to the development of the industry as a whole. This milestone signals YouHodler’s unwavering commitment and paves the way for continued expansion across Europe and other regions,” added Ilya.
Number of cryptocurrency companies officially registered to operate in Spain Grow more than 65% in 2023. According to official registry Content published on the Bank of Spain website 32 new cryptocurrency companies A virtual asset service provider license was acquired in 2023. Total up to now 83 cryptocurrency companies Some well-known companies are officially registered to operate in Spain, including: Binance and Crypto.com.
Joan Gutiérrez Calvo, YouHodler’s Spanish legal advisor, emphasized the trust and security that VASP registration provides to Spanish customers.
He said: “The Spanish bank’s registration as a VASP is a solid vote of confidence in YouHodler’s operations. For our Spanish customers, individuals and businesses alike, this means an additional layer of trust and security, as well as access to YouHodler’s cutting-edge technology.”
YouHodler’s global reach now extends to: More than 60 countries, We offer a range of Web3 fintech services aimed at facilitating the seamless integration of fiat and cryptocurrency financial solutions.
The platform boasts powerful tools that allow investors to capitalize on market volatility by leveraging industry volatility. Highest loan-to-value (LTV) ratios, instant credit card and bank withdrawals; And support for more Top 50 cryptocurrencies offered as collateral.
In addition to catering to individual investors, YouHodler also offers corporate solutions. This allows companies such as cryptocurrency exchanges, digital wallets, and retail digital payment providers to enhance their services with YouHodler’s advanced technical support.
With this achievement, YouHodler solidifies its position as a leader in Web3 fintech and is poised for further growth as it continues to innovate while prioritizing compliance and security in all markets it serves.
Read: Fasset secures VASP license in Dubai ahead of Series B round
