As mentioned in last month’s update, Coinbase has reportedly “secured an AML registration with the Bank of Spain, a significant achievement underscoring the growing global momentum for crypto currencies”

After Coinbase’s AML registration with the Bank of Spain in September, the team has welcomed its first hire in the market.

Attending the European Blockchain Convention in Barcelona this week, the team says they will be “hosting a launch party to celebrate these recent developments.”

As mentioned in last month’s update, Coinbase has reportedly “secured an AML registration with the Bank of Spain, a significant achievement underscoring the growing global momentum for crypto currencies.”

Following on from this landmark, their team will “be in attendance at the European Blockchain Convention in Barcelona over the next two days.”

To mark their recent registration and the news of their first hire in the Spanish market, Coinbase will “be hosting a launch party at the conference this evening, Wednesday 25 October.”

The company’s presence in Spain comes “as part of a series of developments across Europe, as they continue to implement our ‘Go Deep, Go Broad’ international expansion strategy.”

Last week saw the announcement of Ireland “as their MiCA entity location, while earlier this week we announced Elke Karskens as the new Country Director for Benelux and the Nordics.”

These developments underline their commitment “to strategic expansion across the European region, as laid out in Phase II of our international strategy.”

The company’s registration with the Bank of Spain will “provide a vital step forward in our mission to make crypto accessible to everyone.”

This development permits users in Spain “to benefit from various crypto services, including custody of assets, trading in legal tender, and asset-to-asset trading – all in compliance with the national legal framework.”

Spain provides an opportunity for Coinbase, as they “have seen a large appetite for crypto currencies across its population; notably, crypto currencies have overtaken bank transfers to become the second most popular payment method in the country.”

Findings by Bitnovo disclosed “that more than 60 per cent of Spanish citizens are inclined to invest in crypto currencies for the long term, while more than 35 per cent utilize them for transactions.”