Spain Fast-Tracks MiCA Crypto Regulations

The MiCA Act was published in the Official Journal of the European Union in June 2023, and Spain aims to shorten its transition period.

Spain Fast-Tracks MiCA Crypto Regulations
Spain Fast-Tracks MiCA Crypto Regulations

In December 2025, according to the Spanish Ministry of Economy and Digital Transformation, the first comprehensive European Union crypto framework, the Markets in Crypto Assets (MiCA) Act, will enter into force at the national level.

According to a Ministry press release dated October 26, the first vice president of Spain, Nadia Calvino, has met with the president of the European Securities and Markets Authority (ESMA), Verena Ross, to discuss the government’s intention to expedite the implementation of MiCA.

The general deadline for all 27 EU member states to implement MiCA is July 2026. It includes the 36-month transitional period granted to member states as of the MiCA’s publication in the Official Journal of the European Union in June 2023.

Spain desires a transition period of only 18 months. According to the release, local licenses have been issued to large international crypto exchanges in Spain.

Coinbase obtained an Anti-Money Laundering (AML) compliance registration from Spain’s central bank in September, while Kraken obtained a virtual asset service provider (VASP) registration.

The same regulatory approval was granted to Crypto.com in June. This month, Spain’s central bank, Banco de Espana, joined the chorus of European banking institutions preparing their customers for the potential advantages of a digital euro.

The bank claimed that the physical cash format “does not allow us to exploit all the advantages offered by the growing digitalization of the economy and society.”