Spain to Fully Implement MiCA and DAC8 Crypto Regulations by 2026
Spain is set to fully embrace digital currencies by 2026, aligning with European Union frameworks MiCA and DAC8. The government has directed the creation of a national crypto regulatory framework, mirroring EU standards. This move will expand tax authorities' oversight of crypto holdings and impose new reporting requirements for users and VIRTUAL asset service providers (VASPs).
MiCA, which became fully applicable across the EU in December 2024, will see full deployment in Spain by mid-2026. Spanish regulators opted for the maximum transitional window allowed under EU law. The regulation will standardize rules for crypto asset issuance and marketing, including clear classifications for utility tokens, security tokens, and stablecoins. Uniform compliance requirements for crypto service providers will also be established.
