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Spain is taking the lead in implementing the European Union’s comprehensive cryptocurrency regulatory framework, the Markets in Crypto-Assets (MiCA) Act. The Spanish Ministry of Economy and Digital Transformation has announced that the MiCA Act will come into force in December 2025, six months ahead of the EU’s general deadline. This accelerated timeline aims to provide legal certainty and enhanced protection for Spanish investors involved in cryptocurrencies. In addition to regulatory developments, leading global cryptocurrency exchanges such as Coinbase and Kraken have obtained compliance registrations from Spain’s central bank, further reinforcing the country’s commitment to regulatory compliance and investor protection. The central bank of Spain also believes that the digitalization of the economy requires a digital currency to fully exploit its benefits. This aligns with the global trend of central banks exploring digital currencies to stay relevant in an increasingly digital financial landscape.