As reported by Bijié Wǎng, Spain is preparing a comprehensive reform of its cryptocurrency regulatory framework, with major changes set to take effect in 2026. The reform is driven by the EU’s Markets in Crypto-Assets (MiCA) regulation, which will come into force in December 2024, and Spain plans to complete its domestic implementation by mid-2026. The National Securities Market Commission (CNMV) will oversee the new framework, which will classify digital assets into utility tokens, security tokens, and stablecoins. A transition period until July 1, 2026, allows existing firms to continue operations without immediate MiCA authorization. After this date, only fully authorized companies will be permitted to operate. Spain also approved the DAC8 directive in October 2025, which will take effect on January 1, 2026, requiring crypto service providers to automatically report user data to tax authorities.
Spain to Enforce Full Crypto Compliance by 2026 Under EU MiCA Framework
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Summary
Spain is set to enforce a full compliance framework for cryptocurrency by 2026 under the EU Markets in Crypto-Assets Regulation. The reform aligns with the EU MiCA regulation, which will go live in December 2024. Spain aims to complete its implementation by mid-2026, with the CNMV in charge of oversight. Digital assets will be categorized into utility tokens, security tokens, and stablecoins. A transition period until July 1, 2026, allows existing firms to operate without MiCA authorization. From that date, only authorized entities can function. Spain also passed DAC8 in October 2025, effective January 1, 2026, requiring automatic tax reporting by crypto service providers.
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