Spain has announced plans to enforce the Markets in Crypto-Assets (MiCA) Act six months ahead of the EU-wide deadline. The country is gearing up to implement the first comprehensive European Union crypto framework in December 2025. This strategic decision was revealed by the Spanish Ministry of Economy and Digital Transformation.
High-Level Discussions Signal Progress
A pivotal meeting took place between the first vice president of Spain, Nadia Calviño, and the president of the European Securities and Market Authority, Verena Ross. The purpose? To discuss Spain’s commitment to expedite the implementation of MiCA on a national level. The release, published on Oct. 26, outlines the significant steps towards this accelerated timeline.
Shortening Transition Period for Legal Certainty
Notably, the general deadline for all 27 EU member states is set for July 2026. However, Spain is seeking to cut its transitional period from 36 to 18 months. The release emphasizes that this strategic move “will provide legal certainty and greater protection for Spanish investors in this type of assets.”
Global Crypto Exchanges Obtain Local Licenses
Simultaneously, major international crypto exchanges operating in Spain have secured local licenses. In a notable development, Coinbase obtained Anti-Money Laundering compliance registration from Spain’s central bank in September. Likewise, Kraken achieved a virtual asset service provider registration, and Crypto.com received regulatory approval in June.
Banco de España Champions Digital Euro
Highlighting Spain’s progressive stance, Banco de España, the country’s central bank, joined the wave of European institutions endorsing the potential benefits of a digital euro. The bank further emphasized that the traditional physical cash format “does not allow to exploit all the advantages offered by the growing digitalization of the economy and society.”
By taking these proactive steps, Spain positions itself at the forefront of crypto regulation within the EU, signaling a commitment to fostering a robust and forward-looking digital financial landscape.