Spain Moves to Fully Implement Cryptocurrency Rules by 2026
Spain is set to enforce the Markets in Crypto-Assets (MiCA) regulation and the Administrative Cooperation Directive (DAC8) by mid-2026, marking a significant tightening of crypto oversight. The rules will standardize issuance, advertising, and tax reporting across the EU, with DAC8 enabling authorities to track transactions and seize assets for tax debts—exceeding traditional banking transparency.
The National Securities Market Commission (CNMV) will oversee compliance, affecting over 60 recognized firms, including major banks and crypto exchanges. Companies have until July 2026 to adapt, with self-custody solutions emerging as a privacy safeguard against mandatory reporting.
Spain's proactive stance reflects broader EU efforts to harmonize crypto markets while balancing innovation with investor protection. The reforms could reshape how exchanges, investors, and service providers operate, particularly around stablecoins and token classification.
