Lausanne, Switzerland (February 6, 2024) – YouHodler, a Swiss-based Web3 fintech platform, today announced it has obtained its Virtual Asset Service Provider (VASP) registration from the Bank of Spain.

With this registration, YouHodler can now provide its suite of innovative Web3 financial services to individual and enterprise users in Spain, in full compliance with the nation’s anti-money laundering (AML) and counter-terrorist financing (CTF) regulations. 

The completion of this VASP registration fortifies YouHodler’s foothold in Spain and underscores its commitment to compliant and secure Web3 fintech innovation. It complements the company’s existing authorizations and licenses across the EU, particularly before the Markets in Crypto-Assets (MiCA) regulation takes effect. 

“This achievement is a testament to our dedication to seamlessly bridge traditional and Web3 finance while upholding compliance and security as our guiding principles,” said Ilya Volkov, CEO and co-founder of YouHodler. “In every country we operate, we prioritize working within the local regulatory framework to provide our users with fully compliant, but at the same time innovative solutions contributing to the development of the entire industry.