TechFlow, on December 24, according to CriptoNoticias, Spain will fully implement two key cryptocurrency regulations in 2026: the European Union's Markets in Crypto-Assets Regulation (MiCA) and the Administrative Cooperation Directive (DAC8). MiCA will become fully effective on July 1, 2026, requiring all crypto service providers to obtain full authorization to continue operations. DAC8 will take effect starting January 1, 2026, mandating exchanges to report users' transactions, balances, and fund flows to EU tax authorities.
Tax experts warn that the Spanish tax authority will have the power to directly freeze or liquidate users' assets on exchanges to settle tax debts, and recommend users consider self-custody solutions, as self-hosted wallets are not subject to these reporting requirements.
