Six Spanish Banks Granted MiCA Authorization as Traditional Finance Accelerates Adoption of Crypto Assets
7x24h News
Six Spanish Banks Granted MiCA Authorization as Traditional Finance Accelerates Adoption of Crypto Assets
According to CriptoNoticias, Spain’s CaixaBank obtained authorization as a Crypto-Asset Service Provider (CASP) under the EU’s Markets in Crypto-Assets (MiCA) Regulation on March 30, becoming the sixth Spanish bank licensed to offer crypto-asset custody, trading, and transfer services to clients. The six currently authorized institutions are BBVA, Openbank (a Santander Group subsidiary), Cecabank, Renta 4 Banco, Kutxabank, and CaixaBank. BBVA was the first to receive approval—in March 2025—and officially launched Bitcoin and Ethereum trading and custody services in July of the same year. The MiCA authorization functions as a “regulatory passport” across the EU, enabling licensed entities to operate legally without needing separate authorizations in each member state. Spain’s transitional period will end on June 30, 2026; after that date, unlicensed entities will no longer be permitted to provide crypto-asset services.
Navigating Web3 tides with focused insightsTechFlow News, April 1: According to CriptoNoticias, on March 30, Spain’s CaixaBank received authorization as a Cryptocurrency Asset Service Provider (CASP) under the EU’s Markets in Crypto-Assets (MiCA) Regulation, becoming the sixth Spanish bank licensed to offer cryptocurrency custody, trading, and transfer services to customers. The six currently authorized institutions are BBVA, Openbank (a Santander Group subsidiary), Cecabank, Renta 4 Banco, Kutxabank, and CaixaBank. BBVA was the first to receive MiCA authorization in March 2025 and officially launched Bitcoin and Ethereum trading and custody services in July of the same year. MiCA authorization functions as a “regulatory passport” across the EU, allowing authorized entities to operate legally without needing separate national approvals. Spain’s MiCA transition period ends on June 30, 2026; thereafter, institutions lacking MiCA authorization will be prohibited from offering cryptocurrency asset services.
