Spain, officially the Kingdom of Spain, is a European country on the Iberian Peninsula. Spain is the fourth-largest country in Europe and the second-largest in the European Union. Spain’s highly-developed economy benefits from renewable energy, modern technology, manufacturing, textiles, tourism and agriculture — among others.
The Spanish government exercises caution in the realm of cryptocurrencies, prioritizing investor and consumer rights. Cryptocurrencies are not considered legal tender, emphasizing Spain’s protective approach. Key regulations, such as Law 10/2010, mandate registration with the Spanish central bank for crypto exchanges and wallet custodians.
Law 11/2021 enforces reporting obligations, ensuring transparency regarding digital currency ownership and transactions. Additionally, Spain plans to implement the European Markets in Crypto-Assets Regulation (MiCA), pioneering a stable regulatory framework by December 2025. This decision accelerates the process, reducing the implementation period by six months. This proactive approach aims to establish legal certainty and safeguard investors in the evolving crypto market.