Spain to fast-track EU's crypto rules.
In a move that signals its embrace of the evolving cryptocurrency landscape, Spain announced plans to implement the European Union's Markets in Crypto-Assets (MiCA) Act ahead of schedule.
The MiCA Act, set to take effect across the EU in July 2026, establishes the world's first comprehensive regulatory framework for crypto assets and services. However, Spain aims to adopt the rules by December 2025.
The accelerated timeline came following a meeting between Spanish First Vice President Nadia Calviño and European Securities and Market Authority President Verena Ross. Spain's Ministry of Economy and Digital Transformation said the early adoption will "provide legal certainty and greater protection for Spanish investors in this type of assets."
Under MiCA, issuers of crypto assets must comply with prudential, governance and investor protection standards. Crypto service providers like exchanges will also face regulations similar to traditional finance companies.
Spain's bold move won praise from Ross, who has urged member states to quickly implement MiCA.
The decision aligns with growing crypto interest in Spain and across Europe. Major exchanges have recently secured key regulatory approvals for their Spanish operations.
