Spain Brings Forward MiCA Implementation by 6 Months
Main page News, Spain, Regulations, Cryptocurrency
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Oct. 31, 2023

Spain has just announced it intends to bring forward the implementation of MiCA, the European Union's digital asset regulation law, by six months.

The regulation, which is scheduled to come into force by the end of next year for companies applying for a new license, introduces consumer protection measures for cryptocurrencies.

However, companies already operating in the country in compliance with the current regulations will be able to continue to do so for a further 18 months.

Spain plans to implement the regulation in December 2025, half a year less than required by MiCA.

As the Ministry of Economy and Digital Transformation said in an October 26 press release:

"The Government of Spain will bring forward by six months the implementation of the European regulation on the crypto assets market (MiCA), pioneer in the world, for its implementation in Spain in December 2025 to create a stable regulatory and supervisory framework that gives legal certainty and protects investors in relation to the provision of crypto asset services."

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