Crypto asset service providers registered with the Bank of Spain can continue to operate after the MiCA date of application and until December 2025.
Raquel García Lobato / Lola Ferrer Cazorla
The MiCA Regulation entered into force last 29 June 2023. The new rules will be applicable 18 months after, from 30 December 2024 with the exception of the rules relating to asset referenced tokens (Title III of the Regulation) and electronic money tokens (Title IV), which will be applicable from 30 June 2024.
MiCA also includes a special transitional regime for crypto-asset service providers (hereinafter referred to as “CASPs”) that have provided their services in accordance with the applicable law of a Member State prior to 30 December 2024. Such CASPs may continue to operate until 1 July 2026 or until the Member State grants or refuses the relevant authorization.
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