The Spanish Ministry of Economy and Digital Transformation announced the EU Markets for Cryptoassets Act (MiCA). The EU’s first comprehensive cryptocurrency regulatory framework is scheduled to be enacted at the national level in December 2025. The move comes as Spain seeks to accelerate the implementation of MiCA, with the aim of providing enhanced legal protection and certainty for Spanish investors in the region. Encryption space.

The announcement came on October 26, following a meeting between the First Vice President of Spain, Nadia Calviño, and the President of the European Securities and Market Authority, Verena Ros. During their discussions, the Spanish government expressed its intention to accelerate the adoption of MiCA, a regulation designed to regulate cryptocurrency activities within the European Union.

The general deadline for the EU to implement MiCA in all 27 member states is July 2026. This deadline includes a 36-month transition period. This has been in effect since the publication of MiCA in the Official Journal of the European Union in June 2023. However, Spain seeks to significantly reduce this transition period to just 18 months, citing its objectives of providing “legal certainty and greater protection for Spanish investors in this matter.” Asset type.”

Several international cryptocurrency exchanges operating in Spain have obtained local licenses. In September, Coinbase obtained anti-money laundering compliance registration from the Spanish Central Bank, while Kraken obtained virtual asset service provider registration. In June, Crypto.com received similar regulatory approval.

This month, Spain’s central bank, Spain’s central bank, joined a growing number of European banking institutions in exploring the potential benefits of a digital euro. The Central Bank stressed that physical cash no longer fully exploits the advantages provided by the digitization of the economy and society. It signals a potential shift towards a more digitally oriented financial landscape.

As Spain prepares to implement the MiCA framework, the country is taking steps to regulate and embrace the growing cryptocurrency and digital asset industry, promoting a safe and transparent environment for both investors and market participants.

The Spanish Ministry of Economy and Digital Transformation announced the EU Markets for Cryptoassets Act (MiCA). The EU’s first comprehensive cryptocurrency regulatory framework is scheduled to be enacted at the national level in December 2025. The move comes as Spain seeks to accelerate the implementation of MiCA, with the aim of providing enhanced legal protection and certainty for Spanish investors in the region. Encryption space.

The announcement came on October 26, following a meeting between the First Vice President of Spain, Nadia Calviño, and the President of the European Securities and Market Authority, Verena Ros. During their discussions, the Spanish government expressed its intention to accelerate the adoption of MiCA, a regulation designed to regulate cryptocurrency activities within the European Union.

The general deadline for the EU to implement MiCA in all 27 member states is July 2026. This deadline includes a 36-month transition period. This has been in effect since the publication of MiCA in the Official Journal of the European Union in June 2023. However, Spain seeks to significantly reduce this transition period to just 18 months, citing its objectives of providing “legal certainty and greater protection for Spanish investors in this matter.” Asset type.”

Several international cryptocurrency exchanges operating in Spain have obtained local licenses. In September, Coinbase obtained anti-money laundering compliance registration from the Spanish Central Bank, while Kraken obtained virtual asset service provider registration. In June, Crypto.com received similar regulatory approval.

This month, Spain’s central bank, Spain’s central bank, joined a growing number of European banking institutions in exploring the potential benefits of a digital euro. The Central Bank stressed that physical cash no longer fully exploits the advantages provided by the digitization of the economy and society. It signals a potential shift towards a more digitally oriented financial landscape.

As Spain prepares to implement the MiCA framework, the country is taking steps to regulate and embrace the growing cryptocurrency and digital asset industry, promoting a safe and transparent environment for both investors and market participants.