Spanish regulator sets MiCA transition rules for crypto platforms

Jinse Finance reported that the Spanish national securities regulator, Comisión Nacional del Mercado de Valores (CNMV), has released a dedicated Q&A outlining how it intends to implement the EU Markets in Crypto-Assets Regulation (MiCA). The document details what crypto companies can expect regarding authorization, notification, daily conduct, and transitional arrangements, urging platforms to make a clear "comply or exit" decision when MiCA comes into effect. This move aligns Spain with other EU member states, such as Italy, in actively leveraging MiCA's transitional flexibility rather than allowing regulatory uncertainty to persist. It explains which companies fall within the scope, how MiCA interacts with existing national registrations, and how entities should handle the authorization and notification processes already established by CNMV. The Q&A also clarifies how notifications related to authorization and cross-border activities should be managed during the transition period, emphasizing that companies must take the transitional deadlines seriously.