ChainCatcher news, according to Cointelegraph, the Spanish fintech company MONEI has begun a pilot for the euro stablecoin EURM under the supervision of the Bank of Spain. According to an announcement published by MONEI on January 29 on its website, the regulatory sandbox pilot started in January and is overseen by the Bank of Spain.It is reported that the pilot will test the transaction capabilities of EURM: users will verify their identity, upload their wallets, deposit up to 10 euros into their accounts, and exchange it for 10 EURM. Each EURM is pegged to the euro at a 1:1 ratio and is held in banks in Spain, such as BBVA and Caixabank.

ChainCatcher news, the Bank of Spain (BDE) announced a partnership with Cecabank, Abanca, and Adhara Blockchain for testing central bank digital currency (CDBC).It is reported that the pilot will take place over the next six months, simulating the processing and settlement of interbank payments using a single tokenized wholesale CBDC and by exchanging multiple wholesale CBDCs issued by different central banks. The Bank of Spain selected these 3 companies from 24 applications received last year.

ChainCatcher news, cryptocurrency exchange Kraken has announced that it has obtained an Electronic Money Institution (EMI) license from the Central Bank of Ireland and registered as a Virtual Asset Service Provider (VASP) with the Bank of Spain.The EMI license obtained by Kraken's Irish subsidiary enables Kraken to collaborate with European banks to expand its euro fiat services.Additionally, Kraken's new VASP registration will allow it to offer cryptocurrency exchange and custody wallet services to residents of Spain.

ChainCatcher news, the Spanish bank (the country's central bank) has approved eToro to register as a service provider for virtual currency exchange for fiat currency and electronic wallet custody services.

ChainCatcher news, Latin American cryptocurrency service provider Ripio announced on Tuesday that it has received approval from the Bank of Spain to operate as a "fiat currency virtual currency exchange service and digital wallet custody provider."Cryptocurrency exchange Bit2Me was the first company to receive a cryptocurrency license issued by the Bank of Spain, followed by Bitpanda, Crypto.com, Bitstamp, and BVNK, which also obtained approval to operate as exchanges in the region.Ripio was founded in Argentina in 2013, has 8 million users, and a monthly trading volume of $200 million. In September 2021, it completed a $50 million Series B funding round. (CoinDesk)

ChainCatcher news, the Spanish bank supports the pilot operation of the euro stablecoin for the fintech company Monei. The euro-pegged digital token EURM has emerged from the Spanish bank's digital sandbox for testing innovative new proposals. EURM facilitates euro transfers and online payments across Europe by creating tokens using Ethereum and Polygon blockchain technology.During the testing phase, users input their phone numbers, verify their identities through video recognition, and load real euros into their wallets via the Spanish instant payment service Bizum. An equivalent amount of EURM is automatically created to match the real euros deposited by the user, which they can send to other registered users. (Finextra)

ChainCatcher news, the Spanish central bank plans to launch a wholesale central bank digital currency (CBDC) project, requiring financial institutions and technology providers to submit proposals for the project by January 31. The bank stated in an official announcement that the plan aims to simulate the use of CBDC in wholesale transactions, which refer to transactions involving the transfer of funds between banks and financial institutions.The bank added that the wholesale CBDC project is unrelated to the research the European Union is conducting on the retail digital euro. It is reported that in September this year, the French central bank announced two projects to assess the wholesale CBDC initiative. (Source link)