Crypto Regulations in Spain 2025

As of 2025, Spain is strengthening its crypto regulatory framework, aligning it with global standards. With a transparent, secure, and highly regulated market this year, Spain is reinforcing its reign over digital assets. Additionally, the government is providing clarity in the regulations to prevent crypto-related risks in the financial space while enhancing the fintech sector in the country. 

Spain Crypto Laws 2025

July 4, 2025: BBVA Launches Crypto Services to Retail Customers 

Banco Bilbao Vizcaya Argentaria (BBVA), a multinational  Spanish bank, launched crypto trading (Bitcoin and Ether) and custody services for retail customers. The services can be utilized through mobile apps. It has aligned the initiative with the EU’s Market in Crypto Assets (MiCA) to govern the regulations and provide investor protection. 

June 2025: Law to Acquire Crypto Exchanges’ Data, Seize Digital Assets

With the implementation of DAC8 crypto rules by 2026, Spain extends its measures to minimize criminal activity in the crypto space. In extension of its crypto tax policy, Spain announces that the Spanish tax agency is allowed to seize the cryptocurrency holdings of any user with tax debts. This also extends to other digital assets.

December 30, 2025: Market in Crypto Assets (MiCA) Implementation in Spain 

MiCA applications became fully applicable across the European Union (EU), including Spain, in 2024. All crypto asset service providers (CASPs) operating in these countries are required to fully implement MiCA rules. However, Spain opted for a quicker timeline to fully transition to MiCA compliance. 

December 30, 2024 – December 31, 2025

By shortening its transitional period, Spain has allowed existing CASPs to operate under current federal regulations while the entities fully transition to MiCA compliance. 

What is the Spanish Government Saying About Crypto?

While the Spanish government has allowed the trade, mining, and use of cryptocurrency in the country, it is not recognized as a legal tender. The government holds a cautious and conservative stance on crypto, emphasising the importance of consumer protection and tax compliance. 

The Spanish government has taken several pro-crypto steps in the country, such as rescheduling the MiCA compliance. The MiCA compliance was originally scheduled to be fully implemented on July 1, 2026; however, the Spanish government opted to shorten the transition period by six months. It will not take effect on December 31, 2025. 

Besides enhancing the regulatory framework, the government is also actively working to terminate criminality in the crypto space. On June 25, the Spanish Guardia Civil, with support from law enforcement in the U.S., Estonia, and France, dismantled an international crypto fraud network that scammed over 5,000 victims across Europe and beyond.

Crypto License in Spain 2025

Is there a cryptocurrency license in Spain? Yes, any entity providing crypto asset service in Spain requires a CASP license from the Spanish National Securities Market Commission (CNMV).

Requirements for CASP License in Spain

• Companies seeking a CASP license in Spain require a physical office in the country. Along with that, a corporate bank account with financial clearance from the Central Bank of Spain is mandated.

• A detailed business plan, outlining strategy, platform use, client acquisition, and protection measures, is necessary.

• Companies must adhere to strict anti-money laundering (AML), counter terrorist financing (CFT), and know your customer (KYC) compliance.

• Only well-reputed companies with an AML officer for frequent compliance checking are eligible for a CASP license.

Crypto Tax in Spain 2025

Under Article 33.1 of the Personal Income Tax Law — any change in a taxpayer’s net wealth is considered capital gain. Reporting crypto returns by June 30 every year is mandated.

• Crypto tax events: Sale, swap, or payment using crypto, receiving crypto as income, such as salary, from mining, staking, DeFi, airdrops, etc., are subject to tax in Spain.

• Penalty: Taxpayers must keep records of their tax returns and declare them properly every year. Otherwise, it will lead to significant fines or legal action.

Tax Type	Tax Rate	Details
Capital Gains Tax	19% to 28%	Depending on the income
Mining/Staking/Salary	24% to 47%	Taxed as general income
Wealth Tax	0.2% – 3.75% (if net wealth exceeds region threshold)	Exceeding  €700,000

Capital Gains Tax Brackets for 2025

• Up to €6,000 – 19%

• €6,001 – €50,000 – 21%

• €50,001 – €200,000 – 23%

• €200,001 – €300,000 – 27%

• Above €300,000 – 28%

Crypto Adoption in Spain 2025

• Penetration Rate: Currently, the crypto user penetration rate is 50.97%, which is expected to increase up to 53.08% in 2026. As the MiCA compliance is anticipated from January 1, 2026, the number of crypto users is expected to reach 25.14 million.

• Crypto Revenue: The average revenue per user in Spain is estimated to be US$54.3, totaling US$1.3 billion in 2025. The crypto market is predicted to show a growth of 85.27%, resulting in total crypto revenue of  US$2.4bn by 2026.

• Crypto Holdings: No public disclosure of the Spanish government’s crypto holdings; it rather prioritizes strengthening its control over the crypto space in the country.

Conclusion

Spain is already seeing a growth in adoption rate, as the government has intensified the security measures for crypto. It currently ranks among the top five EU nations for blockchain adoption and is globally known as a popular fintech hub. But the government is improving the regulations further to terminate the crypto fraud altogether in the country. So, from January 1, 2026, the entire landscape of cryptocurrency and other digital assets with change in Spain.

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