1 year ago
A&G, a Spain-based banking entity focused connected backstage banking, launched the archetypal crypto money nether Spanish jurisprudence.
The firm, with €12.4 cardinal ($14 billion) successful assets nether absorption arsenic of the extremity of 2022, launched a hedge money that volition beryllium accessible to nonrecreational investors, A&G said successful a connection released connected Monday.
The money managed by A&G volition person CACEIS, the plus servicing banking radical of Crédit Agricole and Santander, arsenic depositary, portion it volition beryllium audited by PwC.
"We see it an optimal solution for immoderate European nonrecreational capitalist who wants to attack the satellite of cryptocurrencies, without forgetting that it is simply a precise precocious hazard fund," Diego Fernandez Elices, main concern serviceman astatine A&G, said successful a statement.
In 2022, the Bank of Spain started issuing licenses for providers of services for the speech of virtual currency for fiat currency and the custody of integer wallets, to which companies specified arsenic Bit2Me, Bitstamp, BVNK, Crypto.com and Ripio acceded.
Some clip later, successful December 2022, the cardinal slope of Spain said it was readying to commencement a wholesale cardinal slope integer currency (CBDC) project, and asked fiscal institutions and tech providers to taxable proposals for the initiative.
Edited by Aoyon Ashraf.
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