Cryptocurrency market in Spain sees great interest in Latin America

Cryptocurrency market in Spain - Crixto

The reputation of Spanish banking is one of the best in the world. Financial issue in the Iberian nation, including cryptocurrency , is handled with rigorous seriousness. Cryptocurrency market in Spain believes that there is an enormous potential in Latin America and wishes to build bridges.

Recently a scandal has broken out in Europe involving large banks. Their repeated practice in money laundering was revealed by the International Consortium of Investigative Journalists (ICIJ).

According to their analysis, based on secret documents of the US Government, JPMorgan, HSBC, Standard Chartered Bank, Deutsche Bank and Bank of New York Mellon have continued to benefit from these businesses, even though they have been sanctioned and some have been warned of possible criminal proceedings.

Specialists in economic crimes defend that the options for laundering money are as wide as the imagination of the criminal. It must be channeled through the financial system. They do this by depositing small amounts in multiple bank accounts. Also through instruments such as payment orders or, more recently, virtual currencies.

Cryptocurrency market in Spain

However, in Spain things don’t look the same. The same journalistic source praises the Spanish legislation in terms of fintech. The experts agree that it is essential to have firm regulations.

According to the Financial Action Task Force (FATF), the Spanish model is one of the most efficient. Therefore, thinking about doing business with Spain requires having your house in order. The Cryptocurrency market in Spain is under the eye of good management. From Spain, as is the case in the United Kingdom, passing the controls of such strong legislation is only possible with transparency.

Currently, the suggestions made during the public consultation of the fifth European directive are being analyzed. It will set the main lines for prevention in the Member States of the Union. The standard will include, among other novelties, cryptocurrency

Expert opinion

Mariana Gospodinova, General Manager of the European division of Crypto.com, revealed in the digital media her opinion about cryptocurrency . For her it is clear that in Spain the interest in cryptoactives has grown a lot since the big increase that bitcoin in 2017.

“Although there is still a long way to go. Especially if we compare it with the rest of the countries in its immediate surroundings. On the other hand, in Spain there are already large media outlets that are dedicated to disseminating exclusive news related to the world of cryptocurrency . Its existence itself is unequivocal proof that interest is in crescendo.

Spain is a very strong crypto community. It has a population of 47 million, with a high Internet penetration. It also has great potential in alternative financial services.

Cryptocurrency market in Spain - Crixto

Latin America as a target

The cryptocurrency market in Spain is very interested in Latin America. This attraction is reciprocated. About this case Mariana Gospodinova said that “Latin America is one of the markets where the adoption of cryptomonies grew the most last year”.

“Well, on the one hand it is evident that it grows more now because they were adopted later. In other words, its growth is greater than that of other parts of the world. In Latin America, everything has to be done in this field. It is a market with hundreds of millions of users of
potential cryptocurrencies. In addition, the reluctance to invest in cryptocurrencies may be less if your national currency is not as stable as the dollar, the euro or the pound.

CRIXTO is also looking for Spain

With our App Web Service you can send and receive money from Spain. Our digital payment platform has been observed by the cryptocurrency market in Spain.

CRIXTO is a digital payment platform with which you can also send money online. One of the forms crystallizes when you make a purchase in a commercial store.

When paying with our App Web Service (AWS) the amount of the purchase is sent to a predetermined bank account. When talking about CRIXTO, it is unavoidable to involve cryptocurrency . Our company was born to give usability to altcoins in the market of buying and selling of goods and services. Without a doubt, sending money online through CRIXTO is more than possible.

It is an operation that is made between subscribers and to have these advantages you must affiliate in www.crixto.com. Our name and logistics are available for all of Latin America.

It is now extremely easy to send money online to family, friends or relatives. On the crest of this wave we reaffirm ourselves as a digital platform to make payments with crypto-currencies.

Users can make payments in Bitcoin, Ethereum or Litecoin and commercial establishments can receive dollars, euros or legal tender, directly into your bank accounts.