The Bank of Spain has launched calls to companies and entities interested in providing Bitcoin (BTC) and cryptocurrency services in accordance with the new European regulatory framework. The initiative seeks to promote communication and provide guidance to those who wish to work in accordance with recent European Union legislation.
The agency remembered that The regulations governing these services are known as Regulation (EU) 2023/1114, Mikal (The Market for Crypto Asset Regulation) was approved by the European Parliament and Council on May 31, 2023.
The regulations establish terms and conditions for Cryptocurrency Service Providers (CASPs) regulations and approval throughout the European Union.
In parallel, he also showed that the PSD2 Directive (2015/2366) regulating payment services in the Eurozone (PSD2) also plays an important role. This means that it means a subtle overlap of certain regulations..
The Bank of Spain, according to MICAR, is considered electronic money sheets as electronic money (EMT or “e-Money token” in English), so these chips fall within the definition of “funds” established in PSD2, so there is a certain overlap between the cryptographic services provided by CASP and the payment services regulated under PSD2.
Given this regulatory overlap, he was issued on June 10, 2025 by the European Bank authorities. They must have additional licenses in accordance with the PSD2 directive as well as corresponding approvals under MICAR.
Alternatively, he said these suppliers could be associated with entities already permitted under PSD2 to provide these services.
In this line, The Bank of Spain has put pressure on its approval process to guide and promote its stakeholders.. The entity recommends that anyone who wants to work in this area contact you via the contact form available on the website and select the “Other” option in the Procedures section to receive more information about the steps to follow.
This regulatory impulse is part of a scenario of continuing institutional advances in European cryptocurrencies. In fact, Spanish wholesale bank Sekabank announced the launch of its Bitcoin (BTC), Ethher (ETH) and USD Coin (USDC) services after receiving approval from the National Securities and Markets Commission (CNMV) last week.
Previously, the Spanish National Securities and Markets Commission confirmed several weeks ago that it had managed several requests from banks interested in providing services with Bitcoin.
As reported by Cryptonotics, the names of all involved entities have not been announced, but CNMV hopes to announce new approvals in the coming weeks following the example from the BBVA.
