According to The Crypto Basic, Spain is preparing to fully implement the EU’s Markets in Crypto-Assets Regulation (MiCA) by mid-2026, with a hard compliance deadline set for July 1, 2026. The National Securities Market Commission (CNMV) will oversee the new framework, which classifies digital assets into utility tokens, security tokens, and stablecoins. A transition period until July 2026 allows firms to adjust, after which only MiCA-compliant entities 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 report user data to tax authorities, ending anonymity for regulated crypto activity.
Spain to Enforce Full Crypto Compliance by 2026 Under MiCA and DAC8
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Summary
Spain will fully enforce MiCA by July 1, 2026, with CNMV overseeing the classification of digital assets into utility, security, and stablecoins. A transition period until mid-2026 gives firms time to adapt. MiCA compliance will be mandatory after this date. Spain also passed DAC8 in October 2025, effective January 1, 2026, requiring crypto firms to report user data to tax authorities. The move affects liquidity and crypto markets, tightening regulatory oversight.
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