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Bank of Spain’s digital currency plan for the next three years

November 10, 2021
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On November 10, the Spanish Central Bank required other banks in the country, including commercial banks, to disclose. Their relationship with digital asset service providers. The shares in these companies and any other risk exposures they may have to digital assets.

Banks that plan to issue tokens or provide custody for existing tokens at any time within the next three years must also disclose such plans. In addition, these banks were asked to outline any payment services related to cryptocurrencies that they intend to provide. Or any measures related to the marketing of such products.

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