TechFlow, December 17 — The Spanish National Securities Market Commission (CNMV) issued detailed guidance on Monday outlining how the European Union's Markets in Crypto-Assets Regulation (MiCA) will be implemented within the country's financial ecosystem. Released in a question-and-answer format, the guidance covers key areas such as investor protection, licensing, and oversight of crypto platforms.
The CNMV updated two existing documents and specifically created a MiCA section, clarifying rules for collective investment institutions and criteria for social media promotional activities. According to the announcement, the MiCA transitional period will last until July 1, 2026, during which relevant entities must apply for authorization in advance to adjust their systems and compliance procedures.
Meanwhile, Poland has reintroduced a digital asset bill aligned with MiCA to address previous legislative failure caused by a presidential veto; and UK-based Byrrgis has obtained EU MiCA authorization, planning to launch operations next January as a fully regulated financial platform.
