The Spanish National Securities Market Commission has developed MiCA transition rules for crypto platforms.

Spain's National Securities Market Commission (CNMV) has released new guidelines outlining how it will implement the EU's Crypto Asset Market Regulation (MiCA) for the country's financial ecosystem. Late Monday, the regulator released a detailed Q&A document covering investor protection, licensing and regulation of cryptocurrency platforms and investment entities. Spain is seeking to join the European digital asset regulatory system under the MiCA framework to harmonize market regulation, consumer protection, and licensing requirements for Virtual Asset Service Providers (VASPs).