Spain Goes All-In on EU’s MiCA Crypto Rules – Full Compliance by July 2026
Brace for impact—Spain just threw its weight behind Europe’s crypto rulebook.
The Markets in Crypto-Assets (MiCA) framework lands July 2026, with Madrid opting for full adoption rather than partial implementation. No phased rollout, no carve-outs—just hard compliance.
Why it matters: While other EU nations drag their feet, Spain’s move signals a rare case of regulatory decisiveness in crypto. The industry now faces an 18-month sprint to adapt—or die.
The cynical take: Watch traditional finance giants suddenly 'discover' blockchain compliance solutions—at 300% markup, naturally.
Central Bank of Spain Embraces Digital Euro, Highlights Benefits for CustomersBanco de España is aligning with its European counterparts to introduce their customers to the possibilities of the digital euro.#CryptoNews #Spainhttps://t.co/ThplMMNwf2 — Cryptonews.com (@cryptonews) October 26, 2023
Spain to Implement DAC8 Crypto Directive – Here’s What it Means
The Euro nation will launch the full enforcement of DAC8, which provides for automatic exchange of information on crypto-assets between EU countries.
Starting Jan 1, 2026, exchanges and crypto service providers should automatically report user transactions, balances, and movements to EU tax authorities.
“From 2027 onwards, we will have information on all transactions carried out during 2026,” said José Antonio Bravo Mateu, a specialist in digital asset taxation. “It will be almost complete information,” he added.
According to the expert, DAC8 will significantly expand the scope of information, which WOULD be “much greater than what is requested from a bank.
From January 1, 2026, if you have crypto assets or euros in an exchange located in Spain, they can be seized directly, without the need for complex prior procedures,Bravo Mateu cautioned.
DAC8 Keeps Taxpayers on Tighter Leash
Risk and regulatory consultant Cero Uno says that the DAC8 directive is a “feast” for the Spanish Tax Agency.
If cryptos are held in custody by a Spanish-authorized entity like Binance Spain SL, the service provider must report directly to the Spanish Tax Agency using mandatory Forms 172 and 173, with balances and transactions carried out this year.
Last month, the Spanish Sumar Parliamentary Group proposed three amendments to crypto tax laws, including suggestions that crypto gains should be taxed under the Corporate Income Tax at 30%.
