Spain is preparing for the implementation of the Cryptactive Markets Regulations (MICA), which will come into force on December 30, 2025, six months before the maximum period established by the European Union. It is advancement seeks to provide greater legal certainty and investor protection on the growing market cryptocurrency.
CNMV strengthens its structure to supervise the new legal framework
The National Securities Market Commission (CNMV) will be the authority responsible for the supervision of the accomplishment of Mica in Spain. To do this, he hired 80 new professionals and launched an ambitious training plan for his staff. In addition, the CNMV develops guides to help entities adapt to new requests and obtain the licenses necessary to operate legally within the framework of the Mica.
Mica establishes clear standards for the market Bitcoin (BTC) And cryptocurrencies, covering aspects such as custody, account protection, customer information and organizational requirements for service providers. However, the CNMV warns that, although the regulations represent an important advance, the risks associated with the Crypto Mercado will not disappear completely.
Price volatility and the possibility of fraud are problems that require attention.
New obligations and warnings for investors and companies
During the transition period, which will end on December 30, 2025, the entities that have already provided cryptoactive services can continue to operate without requesting authorization, provided that they are registered in the register of the register of the register of Spanish bank Before December 30, 2024. However, they must obtain the corresponding license before the end of the transitional period to continue to operate legally.
With the entry into force of Mica, Spain is positioned as one of the European countries with an increasingly clear regulatory framework for the cryptoactive market, which could attract new investors and businesses in the sector. However, the authorities and experts insist on the need to act with caution and to be well informed before investing in this type of asset.
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