Spain is preparing to implement strict regulations for cryptocurrencies in 2026: What you need to know
Starting from 2026, Spain will apply the European Union regulations for cryptocurrencies (MiCA), which will change the operational rules for trading platforms and digital wallets:
1. Company licensing:
• Starting from July 1, 2026, only fully licensed companies will be allowed to operate in Spain.
• Unlicensed companies may have to shut down.
2. Tax reporting:
• Platforms will automatically report user transaction data to tax authorities.
• Data exchange between EU countries will limit tax evasion.
3. Impact on users and companies:
• More security and reduced fraud, but decreased privacy and increased tax liability.
• Large cryptocurrency companies may benefit from greater trust and long-term stability, while smaller companies face higher costs.