Six Spanish banks receive MiCA authorization, traditional finance accelerates embracing cryptocurrencies

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Deep Tide TechFlow report, April 1, according to CriptoNoticias, on March 30, Spain’s CaixaBank received authorization as a crypto-asset service provider (CASP) under the EU MiCA regulations, becoming the country’s sixth licensed bank that can offer customers crypto-asset custody, trading, and transfer services. The six authorized institutions, in order, are BBVA, Openbank (part of the Santander Group), Cecabank, Renta 4 Banco, Kutxabank, and CaixaBank. Among them, BBVA was the first to receive approval in March 2025, and in July of the same year, it officially launched Bitcoin and Ethereum buying, selling, and custody services. MiCA authorization can serve as a “regulatory passport” across the EU; licensed institutions do not need to apply country by country to operate legally. Spain’s transition period will end on June 30, 2026, after which institutions that have not been authorized will no longer be permitted to provide crypto-asset services.

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