Fintech YouHodler secures key registration with Bank of Spain

13 February 2024 14:25

Greater Geneva Bern

Lausanne/Madrid - YouHodler, the Lausanne-based Web3 fintech platform, has officially received its Virtual Asset Service Provider (VASP) registration from the Bank of Spain.

This strategic achievement enables YouHodler to offer its comprehensive suite of Web3 financial services to users in Spain, aligning perfectly with the nation’s stringent anti-money laundering (AML) and counter-terrorist financing (CTF) regulations. The company, known for its innovative approach to cryptocurrency loans, exchanges, and crypto reward accounts, has now fortified its presence across the EU, particularly in anticipation of the Markets in Crypto-Assets (MiCA) regulation.

CEO and co-founder Ilya Volkov reflects on this milestone, saying: “Obtaining the VASP registration from the Bank of Spain is a testament to our dedication to bridging traditional and Web3 finance while adhering to compliance and security. This marks a pivotal moment in our mission to provide fully compliant, innovative solutions in every market we serve.”

YouHodler’s strategic expansion in Europe is underscored by a meticulously planned growth strategy, with a strong focus on the EU markets, including Italy, Spain, and France. Despite this outward expansion, Switzerland remains the core of YouHodler’s operations, hosting its innovative platform that caters to a wide array of financial needs with services like high loan-to-value (LTV) ratio offerings, instant credit card and bank withdrawals, and support for over 50 top cryptocurrencies as collateral.

The fintech’s comprehensive suite of services is designed to cater not only to individual investors but also to enterprise clients, offering solutions that enable cryptocurrency exchanges, digital wallets, and retail digital payment providers to enhance their service offerings. ggba

Swiss Pavilion Digital

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