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

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Deep Tide TechFlow message, April 01, according to CriptoNoticias, on March 30 CaixaBank in Spain obtained authorization as a crypto-asset service provider (CASP) under the EU MiCA regulation, becoming the country’s sixth licensed bank that can offer customers crypto-asset custody, trading, and transfer services. The six entities that have already been authorized, in order, are BBVA, Openbank (part of the Santander Group), Cecabank, Renta 4 Banco, Kutxabank, and CaixaBank. Of these, BBVA was the first to be approved in March 2025 and, in July of the same year, officially launched Bitcoin and Ethereum buy/sell and custody services. MiCA authorization can serve as a “regulatory passport” across the EU; licensed institutions do not need to apply in each country to operate legally. Spain’s transition period will end on June 30, 2026, at which point institutions that have not obtained authorization will not be allowed to provide crypto-asset services.

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