Banco de España summons interested in offering Bitcoin

The Bank of Spain has launched a call aimed at companies and entities interested in offering Bitcoin (BTC) and cryptocurrency services, following the new European regulatory framework. The initiative seeks to facilitate contact and provide guidance to those who wish to operate in accordance with the recent legislation of the European Union.

The agency recalled that A regulation that regulates these services is Regulation (EU) 2023/1114, known as Micar (Markets in Crypto-Assets Regulation), approved by the European Parliament and the Council on May 31, 2023.

This regulation establishes the conditions for the provision and authorization of cryptoactive cryptocurrency service providers (CASP) throughout the European Union.

In parallel, he indicated that the PSD2 Directive (2015/2366), which regulates payment services in the Eurozone (PSD2), also plays a key role, which, which It implies a certain regulatory overlap with Micar.

The Bank of Spain said that, according to Micar, the electronic money sheets will be considered electronic money (EMT or ‘E-Money Token’, in English) and, therefore, these chips enter within the definition of “funds” established in PSD2, so that there is a certain overlap between the cryptoactive services provided by the CASP and the payment services regulated under PSD2.

Given this regulatory overlap, he recalled that the European Banking Authority issued on June 10, 2025 They must have not only the corresponding authorization under Micar, but also with an additional license according to the PSD2 Directive.

As an alternative, he mentioned that these suppliers can be associated with an entity already authorized under PSD2 to offer these services.

In this line, The Bank of Spain has enabled a pressure with the objective of guiding and facilitating the authorization process to the interested parties. The entity recommends those who wish to operate in this area to get in touch through a contact form available on your website, selecting the “other” option in the procedure section, to receive detailed information about the steps to follow.

This regulatory impulse is part of a scenario of continuous institutional advances in cryptocurrency in Europe. In fact, the Spanish Wholesale Bank Cecabank announced last week the launch of Bitcoin (BTC), Ethher (Eth) and USD Coin (USDC) services, after receiving authorization from the National Securities Market Commission (CNMV).

Previously, the National Securities Market Commission of Spain confirmed just a few weeks ago that is managing several requests from banks interested in offering services with Bitcoin.

As Cryptonotics reported, although the names of all the entities involved have not been announced, the CNMV hopes to announce new authorizations in the coming weeks, following the example of BBVA, which already allows its clients to operate with Bitcoin and Ether.