Spain’s regulator sets out MiCA transition rules for crypto platforms

Spain’s securities regulator, CNMV, has spelled out how it plans to run MiCA in practice, using a new Q&A to tell crypto companies what to expect.

Spain’s national securities regulator, the Comisión Nacional del Mercado de Valores (CNMV), has published a dedicated Q&A laying out how it intends to apply the European Union’s Markets in Crypto-Assets Regulation (MiCA) on the ground.

The document outlines what crypto companies can expect on authorizations, notifications, day-to-day conduct, and the transitional regime, pushing platforms toward a clear “comply or quit” decision as MiCA comes into force.

The move puts Spain alongside other EU member states, such as Italy, which are actively using MiCA’s transitional flexibilities rather than allowing prolonged regulatory uncertainty.

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