TechFlow news, March 12 — According to Cryptonews citing El Español, Spanish banks CaixaBank, Kutxabank, and Renta 4 are planning to follow Banco Bilbao Vizcaya Argentaria (BBVA) in offering crypto-related services to their customers.
With the EU's Markets in Crypto-Assets Regulation (MiCA) coming into effect at the end of last year, traditional banks have begun turning attention to the crypto market. The regulation creates conditions for banks to provide cryptocurrency custody and sales services. BBVA has already announced plans to offer Bitcoin (BTC) and Ethereum (ETH) trading via its mobile app later this year.
CaixaBank said it is "studying" the idea of launching crypto asset services in Spain this year, particularly targeting "young investors interested in technology and innovation." Kutxabank aims to offer customers options for cryptocurrency custody, purchase, and sale. Neither bank has yet submitted an application to Spain’s National Securities Market Commission (CNMV).
