Spain — crypto regulation

Status: legal · Last reviewed 2026-11-05

MiCA member state, with the CNMV as national competent authority. Spain's transitional period ended on 1 July 2026: providers registered with the Bank of Spain under the AML regime may now operate only with CNMV or other EU authorisation. Bit2Me became the first Spanish MiCA-authorised CASP (Jul 2025), and firms including Basque Pay and Fintech Payments followed after the deadline. The bill transposing DAC8 crypto tax reporting has been before the Cortes since June 2025 and had not been enacted by early Nov 2026, so the Commission opened infringement proceedings in Jan 2026. The CNMV repealed its Circular 1/2022 crypto advertising rules in favour of the MiCA regime.

Legislation

• DAC8 Transposition Bill — crypto-asset provider reporting obligations (pending) (2025)
• Royal Decree-Law 7/2021 — AML/VASP Registration (2021)
• CNMV Circular 1/2022 — Crypto Advertising Regulation (2022)
• Law 6/2023 — Securities Markets and Investment Services Act (2023)
• CNMV Circular 2/2025 — CASP Reporting Requirements (2025)
• Royal Decree 249/2023 — Crypto Tax Reporting (Modelo 721) (2023)