BBVA Launches Bitcoin and Ethereum Trading as EU Crypto Regulations Tighten

by News Editor

March 10, 2025

In a landmark move, Spain’s banking giant Banco Bilbao Vizcaya Argentaria (BBVA) has gained approval from the Spanish financial regulator to offer Bitcoin and Ethereum trading to its clientele. This step is a result of the EU-wide enforcement of the Markets in Crypto-Assets (MiCA) regulation.

Key Insights

The authorization ends a prolonged journey, allowing BBVA to provide digital assets to its customers.
BBVA’s crypto journey follows in the footsteps of other major European banks like Deutsche Bank and Société Générale.
This approval highlights the changing dynamics of crypto markets across Europe.

The Bigger Picture

BBVA’s approval comes as MiCA takes full effect across the EU, marking a crucial phase in the bank’s strategy to offer digital asset services. Initially reported by CoinDesk in 2020, BBVA’s expansion into digital currencies was contingent upon regulatory clearance, previously planned for Switzerland due to its established regulatory framework.

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Earlier this year, the bank ventured into Turkey’s crypto market through a local subsidiary.

The Future Forbes Realty Global Properties

The Rocks Project Advances Through Licensing Process In Pentakomo

by THEFUTURE.TEAM

June 5, 2026

Overview Of The Ambitious Development

A large tourism development in Pentakomo is moving through the licensing process. Known as The Rocks Project, the proposal includes a hotel, villas, apartments and a beach club along the coast east of Limassol.

Strategic Location And Broader Impact

Located along the coastal corridor between Limassol and Zygi, the project would form part of the wider Governor’s Beach area. The site is situated near several state and energy infrastructure facilities, including the Evangelos Florakis Naval Base in Mari, making it subject to additional planning and regulatory considerations.

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Master Plan And Key Infrastructure

Situated within the administrative boundaries of Pentakomo, the development is planned for the coastal area of Argaki Tou Mavrou. The project is being promoted by DRL5COMOS Properties Ltd and is supported by an environmental impact assessment prepared by P. Nikolaidis & Associates Ltd. The assessment is available for public consultation until July 3, 2026.

According to the master plan, operations are expected to begin in 2029. Plans include a 14,000-square-metre hotel with 126 rooms, a 900-square-metre spa and wellness centre, restaurants and dining facilities, 26 villas, 73 apartments and penthouses, and a 1,050-square-metre beach club with indoor and outdoor leisure areas. Parking facilities for 240 vehicles are also included in the proposal.

Integration With The Existing Landscape

The development plan allocates 12% of the site to public green space and includes an internal road network. Project documents indicate that several existing structures, including the Kalymnos Fish Tavern and current beach facilities, would be demolished as part of the redevelopment.

Regulatory And Institutional Considerations

The licensing process is ongoing and includes consultations with relevant local and government authorities. Comments submitted by the Ministry of Defence have not been made public due to the site’s proximity to the naval base. Those observations are expected to be reviewed by the environmental impact assessment committee during closed sessions.

Conclusion

With its carefully structured vision and strategic positioning, The Rocks Project promises to be a significant catalyst for economic and social growth in eastern Limassol. As it advances through the regulatory process, stakeholders remain focused on ensuring that this landmark development meets the highest standards of design, sustainability, and community integration.

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