Spain Sets Clear Path for Crypto Platforms Under New EU Rules
Spain's National Securities Market Commission (CNMV) has issued definitive guidance for crypto platforms seeking to operate within its jurisdiction under the EU's Markets in Crypto-Assets (MiCA) framework. Firms must secure full authorization by July 1, 2026, or cease operations—a timeline aligning with the maximum transitional period permitted under MiCA.
Eligibility for the transition phase hinges on prior registration with Spain's Bank of Spain for anti-money laundering compliance. This contrasts with shorter adaptation windows in fellow EU states like France (18 months) and the Netherlands (6 months), reflecting Spain's measured approach to regulatory onboarding.