Spain: Commercial Activity

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## Commercial Activity Commercial uptake of MiCA CASP authorisation in Spain shows material scale: CNMV has reportedly granted authorisation to six Spanish banks, BBVA, Cecabank, Openbank, Renta 4, CaixaBank, and Kutxabank, and five fintechs, Bit2Me, Crossmint, Minos, Criptan, and Fazil Crypto, by early 2026. This finding is sourced from a single vendor/law-firm secondary source rather than independent confirmation against CNMV's own authorised-entity register this cycle, so the completeness and exact dating of this list carries that caveat. No transaction value or consideration is disclosed for any of these authorisations, consistent with the nature of a regulatory licensing event rather than a disclosed commercial transaction. The mix of six major banks alongside five fintech entrants indicates that CASP authorisation in Spain has moved beyond a narrow early-mover cohort into broader institutional participation, spanning both incumbent financial institutions and crypto-native firms. This pattern of broad-based authorisation uptake sits alongside the AML-gateway tightening introduced by Real Decreto 813/2026, meaning newer applicants entering the market after 28 October 2026 will face the added SEPBLAC prior-report step that the entities named above evidently cleared under the prior process. ## Outlook Independent confirmation of this authorised-entity list against CNMV's own register would sharpen confidence in the current count and timing. Whether additional banks or fintechs pursue CASP authorisation under the now-tightened SEPBLAC-gateway process, and how that process affects the pace of new applications, is the development most likely to be visible in the next cycle.