As of January 2025, Spain is advancing its regulatory framework for cryptocurrencies with the upcoming implementation of the Markets in Crypto-Assets (MiCA) Act, expected to take effect in December 2025. This legislation aims to provide a comprehensive regulatory environment for crypto activities, enhancing legal protections for investors and ensuring compliance among service providers. Spain is pushing to implement MiCA six months earlier than the EU’s general deadline, aiming for an 18-month transitional period instead of 36 months.
In addition to regulatory developments, cryptocurrency ownership in Spain has doubled since 2022, reaching 9% of the population. Major banks like CaixaBank and BBVA are preparing to offer crypto trading services by 2025, reflecting a growing acceptance of digital assets in mainstream finance. These initiatives position Spain as a key player in the European crypto landscape, fostering innovation while ensuring consumer protection and market stability.
