Latest news with #CNMV
Finextra
6 days ago
- Business
- Finextra
BBVA launches bitcoin and ether trading and custody services in Spain
BBVA has unveiled its cryptocurrency trading and custody service for bitcoin and ether, which is now available to all retail customers of legal age in Spain. After filing the relevant disclosure with the National Securities Market Commission (CNMV), the bank has been gradually rolling out the service in recent weeks. 0 This content is provided by an external author without editing by Finextra. It expresses the views and opinions of the author. Customers can now use this service to trade in bitcoin and ether directly through the BBVA app, all within a fully integrated environment that also includes the bank's other financial services. Right now, BBVA retail customers in Spain can buy, sell, and hold bitcoin and ether directly via the mobile app, as a further show of the bank's firm commitment to offering a seamless, fully digital experience. The initiative is aligned with the European Regulation on Markets in Crypto-Assets (MiCA), which governs the issuance and provision of crypto-asset services within the European Union and provides additional safeguards and protection for investors. The bank will not provide investment advice on these assets, and access to the service will be exclusively customer-initiated through the app. 'We want to make it easier for our retail customers in Spain to invest in crypto-assets, through a simple and easy-to-access digital solution on their cell phone. Our goal is to support them as they explore digital assets, backed by the strength and security of a bank like BBVA,' exclaims Gonzalo Rodríguez, Head of Retail Banking for Spain. BBVA boasts over a decade of experience in blockchain technology. In 2021, the bank launched a bitcoin trading desk and custody service for private banking clients in Switzerland, which was later expanded to include Ether and the stablecoin USDC. In 2023, Garanti BBVA in Turkey set up a specialized company that now offers a wide range of crypto-assets, including Bitcoin, Ether, USDC, Solana, XRP, AVAX, and Chiliz, among others. Spain is now the third market where BBVA is busy scaling up its range of digital assets, backed by a robust, secure, and regulation-compliant infrastructure. 'Following this launch in Spain, BBVA has added another country to its Digital Assets service, which was first introduced in Switzerland in 2021, followed by Turkey in 2023. Mirroring BBVA's leadership in digitization and innovation, we are continuing to grow our digital assets business, both with new assets (crypto or stablecoins) and with traditional assets in tokenized form (bonds, funds). Our aim is to offer the best investment and transaction-based solutions to our customers,' remarks Francisco Maroto, Head of Digital Assets.
Reuters
01-07-2025
- Business
- Reuters
Blackstone's gambling co Cirsa expects share listing in Spain on July 9
MADRID, July 1 (Reuters) - Blackstone's (BX.N), opens new tab gambling company Cirsa intends to have its shares listed on the Spanish stock market on or around July 9, it said on Tuesday after the stock market regulator CNMV authorised the planned initial public offering. The company said on Monday it would seek a valuation of 2.52 billion euros ($2.98 billion) in an initial public offering of shares worth at least 400 million euros, at 15 euros a share. Cirsa operates casinos and gambling platforms in Spain, where it is the largest casino operator, Italy, Morocco, as well as in Latin America. It entered Portugal and Puerto Rico last year. The IPO would be the first one in Spain since travel tech company HBX Group ( opens new tab raised 725 million euros in February in a deal that valued it at 2.84 billion euros at the time. ($1 = 0.8464 euros)
Fashion Network
19-05-2025
- Business
- Fashion Network
Inditex restructures leadership with three new appointments
Spanish fashion group Inditex, chaired by Marta Ortega, is reorganizing its executive leadership. Following the departure of key figures including Jesús Echevarría, Carlos Crespo and Pablo del Bado, the company announced three new appointments on Friday in a filing with the Spanish securities regulator CNMV. The group has appointed Fernando de Bunes Ibarra, previously head of risk management, as its new sustainability director. He replaces Javier Losada, one of the company's long-standing leaders. Losada joined Inditex in 1993 and has served as sustainability director since 2019. He was named to the executive committee in 2022 following the departure of then-chief operating and digital transformation officer Carlos Crespo. Losada will leave the company after a transitional period. Inditex reinforced its financial leadership by appointing Ignacio Fernández Fernández as corporate general manager, overseeing finance, sustainability, logistics, transportation, and infrastructure. The group also named Andrés Sánchez Iglesias as chief financial officer, with both executives set to join the company's executive committee. Fernández previously served as general finance director, while Sánchez led the tax division. These changes form part of a broader restructuring strategy focused on generational renewal, led by current CEO Óscar García Maceiras. Earlier this year, Inditex also named Gorka García-Tapia Yturriaga as head of investor relations, succeeding Marcos López García. The Galician textile group currentlyand Massimo Dutti. According to its latest financial results, Inditex ended fiscal 2024 with a 7.5% increase in sales compared to the previous year, reaching revenue of €38.632 billion.
Fashion Network
17-05-2025
- Business
- Fashion Network
Inditex restructures leadership with three new appointments
Spanish fashion group Inditex, chaired by Marta Ortega, is reorganizing its executive leadership. Following the departure of key figures including Jesús Echevarría, Carlos Crespo and Pablo del Bado, the company announced three new appointments on Friday in a filing with the Spanish securities regulator CNMV. The group has appointed Fernando de Bunes Ibarra, previously head of risk management, as its new sustainability director. He replaces Javier Losada, one of the company's long-standing leaders. Losada joined Inditex in 1993 and has served as sustainability director since 2019. He was named to the executive committee in 2022 following the departure of then-chief operating and digital transformation officer Carlos Crespo. Losada will leave the company after a transitional period. Inditex reinforced its financial leadership by appointing Ignacio Fernández Fernández as corporate general manager, overseeing finance, sustainability, logistics, transportation, and infrastructure. The group also named Andrés Sánchez Iglesias as chief financial officer, with both executives set to join the company's executive committee. Fernández previously served as general finance director, while Sánchez led the tax division. These changes form part of a broader restructuring strategy focused on generational renewal, led by current CEO Óscar García Maceiras. Earlier this year, Inditex also named Gorka García-Tapia Yturriaga as head of investor relations, succeeding Marcos López García. The Galician textile group currentlyand Massimo Dutti. According to its latest financial results, Inditex ended fiscal 2024 with a 7.5% increase in sales compared to the previous year, reaching revenue of €38.632 billion.
Fashion Network
17-05-2025
- Business
- Fashion Network
Inditex restructures leadership with three new appointments
Spanish fashion group Inditex, chaired by Marta Ortega, is reorganizing its executive leadership. Following the departure of key figures including Jesús Echevarría, Carlos Crespo and Pablo del Bado, the company announced three new appointments on Friday in a filing with the Spanish securities regulator CNMV. The group has appointed Fernando de Bunes Ibarra, previously head of risk management, as its new sustainability director. He replaces Javier Losada, one of the company's long-standing leaders. Losada joined Inditex in 1993 and has served as sustainability director since 2019. He was named to the executive committee in 2022 following the departure of then-chief operating and digital transformation officer Carlos Crespo. Losada will leave the company after a transitional period. Inditex reinforced its financial leadership by appointing Ignacio Fernández Fernández as corporate general manager, overseeing finance, sustainability, logistics, transportation, and infrastructure. The group also named Andrés Sánchez Iglesias as chief financial officer, with both executives set to join the company's executive committee. Fernández previously served as general finance director, while Sánchez led the tax division. These changes form part of a broader restructuring strategy focused on generational renewal, led by current CEO Óscar García Maceiras. Earlier this year, Inditex also named Gorka García-Tapia Yturriaga as head of investor relations, succeeding Marcos López García. The Galician textile group currentlyand Massimo Dutti. According to its latest financial results, Inditex ended fiscal 2024 with a 7.5% increase in sales compared to the previous year, reaching revenue of €38.632 billion.
