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Spain fast-tracks MiCA Act to December 2025, ahead of EU deadline. Spain aims to boost legal security and protection for Spanish crypto investors. Leading global exchanges have secured regulatory green light in Spain. Spain is set to take the lead in implement ing the European Union’s comprehensive cryptocurrency regulatory framework, the Markets in Crypto-Assets (MiCA) Act, ahead of the general deadline for all 27 EU member states. This bold move aims to provide legal certainty and enhanced protection for Spanish investors involved in cryptocurrencies. Spain to implement MiCA by December 2025 The Spanish Ministry of Economy and Digital Transformation announced that the MiCA Act will come into force at a national level in December 2025. This is six months earlier than the EU’s general deadline of July 2026. The accelerated timeline will reduce the transitional period from 36 months to just 18 months for Spain. The decision was made followin...

Spanish crypto currency company Bitnovo conducted research to understand how Spanish citizens see crypto currency growth in the country. The adoption of cryptocurrency in Spain is growing rapidly. According to data provided by Statista, Spain ranks 22nd internationally in cryptocurrency adoption, with 15% of the population compared to 10% in 2019. The research showed that 60.7% of Spanish citizens are motivated to buy cryptocurrencies for long-term investments, 35.7% to make payments, 21.4 % for short-term speculation, and 17.9% to buy cryptocurrencies out of curiosity. The research also aims to understand how crypto currency evolves as a new payment method in Spain. You might also like: Spain grants virtual asset service provider registration to Crypto.com Cryptocurrency as a payment method Bitnovo understood that cryptocurrency is becoming a popular payment method; the report found that 1.4% make payments with credit or debit cards, 50% with cryptocurrencies, 39.3% wit...