2025 Spain Crypto Assets Regulatory Policy

Written by: Zameer Attar, Coinpedia

Compiled by: Jessica, Techub News

By 2025, Spain is strengthening its cryptocurrency regulatory framework to align with global standards. This year, Spain has further solidified its dominant position in the digital asset space by building a transparent, secure, and highly regulated market. The government is preventing crypto risks in the financial sector by clarifying regulations while also promoting the development of the domestic fintech industry.

2025 Spain Cryptocurrency Regulations

July 4, 2025: BBVA Bank launches cryptocurrency services for retail customers The Spanish multinational bank BBVA has launched trading and custody services for Bitcoin and Ethereum aimed at retail customers, which users can access through a mobile application. This initiative strictly adheres to the regulatory requirements of the EU's Markets in Crypto-Assets Regulation (MiCA), ensuring the protection of investors' rights.

June 2025: Spain issues a decree on data acquisition for cryptocurrency exchanges and the seizure of digital assets. In order to comply with the DAC8 crypto regulations implemented in 2026, Spain is intensifying efforts to combat criminal activities in the crypto space. Based on the existing crypto tax policies, Spain has announced that tax authorities have the power to seize cryptocurrencies and other digital assets from users who owe taxes.

December 30, 2025: Spain will fully implement the Markets in Crypto-Assets Regulation (MiCA). The MiCA regulations came into effect across the EU (including Spain) in 2024. All crypto asset service providers (CASPs) operating in Spain must fully comply with the MiCA regulations. Spain has proactively shortened the transition period, requiring existing service providers to complete their compliance transformation between December 30, 2024, and December 31, 2025.

The Spanish government's stance on cryptocurrency

Although the government allows cryptocurrency trading, mining, and usage, it does not recognize its status as legal tender. Authorities adopt a cautious and conservative attitude, emphasizing consumer protection and tax compliance. In addition to accelerating the MiCA compliance process (originally scheduled for July 1, 2026, now brought forward to December 31, 2025), the government is actively cracking down on crypto crimes. On June 25, the Spanish Civil Guard, in conjunction with police from the US, Estonia, and France, dismantled a transnational crypto fraud network, which involved over 5,000 victims across Europe and other regions.

Spain's cryptocurrency licensing system in 2025

Q: Does Spain have a cryptocurrency license?

Answer: Yes, any entity providing cryptocurrency asset services in Spain must apply for a CASP license from the National Securities Market Commission (CNMV).

CASP License Application Requirements

It is necessary to establish a physical office in Spain, and it is mandatory to open a corporate bank account approved by the Bank of Spain.

Submit a detailed business plan (including strategic planning, platform usage, customer acquisition, and protective measures)

Strictly comply with Anti-Money Laundering (AML), Counter Financing of Terrorism (CFT), and Know Your Customer (KYC) regulations.

Only reputable enterprises are eligible to apply, and they must have a dedicated compliance officer for ongoing supervision.

Spain's cryptocurrency tax policy in 2025

According to Article 33.1 of the Individual Income Tax Law, changes in a taxpayer's net assets are considered capital gains and must be reported for cryptocurrency earnings by June 30 each year. Taxable activities include:

Sell, exchange or use cryptocurrency for payment

Cryptocurrency income obtained through mining, staking, DeFi, airdrops, etc.

Penalty Regulations: Taxpayers must properly maintain tax records and file on time, or they will face hefty fines or legal action.

Capital gains tax progressive rates in 2025

Below 6,000 euros: 19%

6,001-50,000 euros: 21%

50,001-200,000 euros: 23%

€200,001-€300,000: 27%

Above 300,000 euros: 28%

The current status of cryptocurrency adoption in Spain in 2025

Penetration Rate: The current penetration rate of cryptocurrency users has reached 50.97%, and it is expected to rise to 53.08% by 2026. With the comprehensive implementation of the MiCA regulation, the number of cryptocurrency users is expected to reach 25.14 million.

Market Revenue: The average cryptocurrency income per person in 2025 is $54.3, with a total scale of $1.3 billion. It is expected that the market will grow by 85.27% in 2026, reaching a total revenue of $2.4 billion.

Government Holdings: The Spanish government has not disclosed its holdings of cryptocurrency assets, focusing instead on strengthening regulation.

Conclusion

With the strengthening of security measures, the adoption rate of cryptocurrencies in Spain continues to grow, currently ranking among the top five in the EU for blockchain applications, making it a globally recognized fintech hub. The government is further improving regulations to eradicate cryptocurrency fraud, and starting from January 1, 2026, the landscape of the cryptocurrency and digital asset market in Spain will undergo a new transformation.