**Spain's Crypto Market Continues to Attract EU Institutions, MiCA Framework Accelerates Regulatory Compliance**

Spain is becoming a hub for EU crypto asset regulation. Recently, Spain’s financial regulatory authority CNMV approved Renta 4 Banco to obtain a MiCA license, allowing the bank to enter the legitimate crypto banking sector in Spain and becoming the fourth financial institution in the country to achieve this qualification.

Spain’s open attitude toward the currency market has attracted the attention of many major international financial institutions. Relying on the MiCA passport mechanism, well-known EU institutions such as German Commercial Bank, CACEIS, and France’s Société Générale have successively established crypto operations in Spain. These institutions operate across borders through local licenses, laying the foundation for crypto asset services across the entire European region.

According to the latest statistics, there are currently 54 registered crypto service providers in Spain, most of which are from other EU member states. This figure reflects Spain’s progress in making crypto regulation more transparent and standardized. The industry generally believes that Spain has become one of the fastest countries in Europe to promote innovation in crypto asset regulation.

The MiCA (Markets in Crypto-Assets Regulation) framework provides a unified compliance standard for cross-border crypto businesses, enabling financial institutions to more easily offer services to other EU countries after obtaining a license in one member state. This mechanism not only reduces entry costs for financial institutions but also strengthens consumer protection, promoting the healthy development of the entire European crypto ecosystem.