The Nationwide Securities Market Fee (CNMV) is continuing with the supervision of Bitcoin (BTC) and cryptocurrencies below the Cryptocurrency Market Act (MiCA) in Spain, this was confirmed by members of the company on October eighth in the course of the Merge Madrid 2025 occasion.
“We’ve not but reached 400 registrations, however we now have registered just a few,” mentioned Raquel García Alcubilla, head of coverage, innovation and sustainable finance on the CNMV.
The Board participated in Marge Madrid’s “International Regulators and Cryptocurrencies” panel, the place she highlighted: This work “proceeds with regular steps” Regardless of the technical complexity of companies reminiscent of staking and lending, Spanish media reported.
In accordance with a report by CriptoNoticias, regulators consulted by García Alcubilla have accepted entities reminiscent of BBVA Financial institution, which launched Bitcoin buying and selling companies this 12 months, and Bit2Me, which grew to become the primary Spanish Bitcoin change with a MiCA license in July 2025.
In accordance with the CNMV web site: Spain already has 45 accepted registries of digital asset service suppliers (Pusav).
García Alcubilla careworn that coordination between nationwide and European supervisory authorities is crucial to keep away from asymmetries that undermine market competitiveness.
On this regard, Francisco del Olmo, Deputy Director of Fintech and Cybersecurity on the CNMV, accelerated the decision to motion, declaring that “every nation has a special interpretation and this can’t be potential,” warning: Regulatory convergence avoids asymmetries that cut back competitiveness.
In parallel, worldwide discussions, which additionally included Chile’s Monetary Markets Fee (CMF), highlighted classes from Latin America.
At this level, all panel individuals agreed that worldwide harmonization and cooperation amongst supervisors are important to offering stability and reliability to the digital asset ecosystem.
