Spanish regulatory authorities establish transition rules for the cryptocurrency platform MiCA

Golden Finance reports that the Spanish national securities regulator Comisión Nacional del Mercado de Valores (CNMV) has published a dedicated Q&A explaining how it plans to implement the EU Crypto Asset Market Regulation (MiCA). The document outlines what cryptocurrency companies can expect regarding authorization, notification, daily operations, and transitional arrangements, encouraging platforms to make clear “compliance or exit” decisions when MiCA comes into effect. This move allows Spain, along with other EU member states such as Italy, to actively leverage MiCA’s transitional flexibility rather than allowing regulatory uncertainty to persist long-term.
It details which companies fall within the scope, how MiCA interacts with existing national registrations, and how entities should handle authorization and notification processes already established by CNMV. The Q&A also explains how to handle notifications related to authorization and cross-border activities during the transition period, emphasizing that companies must take the transition deadlines seriously.