Spain to Enforce EU Crypto Regulations MiCA and DAC8 by 2026
Spain will fully implement the EU's Markets in Crypto-Assets Regulation (MiCA) by July 1, 2026, mandating all crypto service providers to secure authorization or halt operations. The Directive on Administrative Cooperation (DAC8) takes effect earlier, requiring exchanges to report user transactions to tax authorities starting January 2026.
These measures aim to standardize oversight across the EU, bringing much-needed clarity to the rapidly evolving digital asset landscape. The dual regulatory framework underscores Europe's push to integrate cryptocurrencies into its financial system while ensuring compliance and transparency.
Crypto firms operating in Spain now face a clear deadline to adapt their business models. The industry anticipates these changes could accelerate institutional adoption by providing legal certainty, though some market participants may struggle with the compliance burden.
