CASP License Spain: Everything You Need to Know

Get MiCA-Compliant & Strengthen Your Crypto Compliance with Scorechain

Spain is rapidly becoming a key player in the European crypto ecosystem, with a well-defined regulatory framework overseen by the Bank of Spain (Banco de España) and the Spanish National Securities Market Commission (CNMV). With the introduction of the Markets in Crypto-Assets (MiCA) regulation, all crypto businesses operating in Spain must transition from their existing VASP (Virtual Asset Service Provider) registration to a CASP (Crypto-Asset Service Provider) license to continue operating legally across the EU.

With compliance deadlines approaching, crypto businesses must act now to secure their CASP license and meet strict AML and risk management requirements. At Scorechain, we provide blockchain analytics, transaction monitoring, and AML compliance tools to help CASPs meet MiCA standards effortlessly.

📅 CASP License Timeline in Spain

To operate legally under MiCA, businesses must obtain a CASP license before the transition period ends:

📌 December 30, 2024 – MiCA regulations officially take effect.
📌 2025 TBD – Final deadline to submit CASP license applications (exact date subject to confirmation).

🔹 Avoid regulatory penalties—integrate Scorechain’s compliance solutions now!

🔍 What is a CASP License in Spain?

A Crypto-Asset Service Provider (CASP) license is required for companies providing crypto-related financial services in Spain and across the EU under MiCA regulations.

The CASP license replaces the current Bank of Spain VASP registration, ensuring full compliance with MiCA, AML, and counter-terrorism financing (CFT) laws.

✅ CASP-Regulated Crypto Services Include:

Crypto Custody & Wallet Services
Crypto Trading & Exchange Platforms
Fiat-to-Crypto & Crypto-to-Crypto Transactions
Execution of Orders on Behalf of Clients
Crypto Transfer & Payment Services
Investment Advice & Portfolio Management for Crypto Assets

👉 Stay ahead of MiCA compliance—integrate Scorechain’s AML and risk monitoring solutions today!

🛡️ MiCA & CASP License Compliance Requirements in Spain

To obtain a CASP license in Spain, businesses must meet strict regulatory requirements, including:

✔ Registration with the Bank of Spain & CNMV
✔ Establish a local presence in Spain (at least one board member must be an EU resident)
✔ Meet minimum capital requirements (€125,000–€350,000 depending on services offered)
✔ Implement robust AML (Anti-Money Laundering) & KYC (Know Your Customer) policies
✔ Ensure compliance with FATF Travel Rule & real-time crypto transaction monitoring

🔎 How Scorechain Helps:
With Scorechain’s advanced blockchain analytics, your business can monitor transactions, detect illicit activity, and generate real-time compliance reports, ensuring full MiCA and AML compliance.

🚀 How Scorechain Supports CASP Compliance in Spain

At Scorechain, we simplify MiCA compliance with our industry-leading crypto risk monitoring tools:

🔗 1. Automated Crypto Transaction Tracking

Real-time risk scoring for crypto transactions
Detection of suspicious wallet activities
Compliance with EU AML & CFT regulations

🛡️ 2. FATF Travel Rule Compliance

Automate sender & receiver identity verification
Ensure secure VASP-to-VASP data exchange
Reduce compliance risks with instant alerts

📊 3. Blockchain Risk Analytics & KYT (Know Your Transaction)

Monitor on-chain activity for regulatory reporting
Flag high-risk transactions linked to darknet markets, fraud, and sanctions
Generate audit-ready compliance reports in minutes

⚖️ 4. Sanctions & Blacklist Monitoring

Block transactions from sanctioned wallets & high-risk addresses
Detect illicit financial activity before it escalates
Ensure full transparency & regulatory compliance

🌍 Why Get Your CASP License in Spain?

📍 Regulatory Leadership in Crypto – Spain has a clear and structured licensing process under the Bank of Spain & CNMV
📍 EU Passporting Benefits – A CASP license allows businesses to operate legally across all 27 EU countries
📍 Thriving Crypto & Fintech Ecosystem – Spain is home to major blockchain projects and a rapidly growing digital asset sector

🚀 Ready to become a fully compliant CASP? Let Scorechain handle your compliance challenges!

📢 Secure Your CASP License & MiCA Compliance with Scorechain

With 150+ financial institutions & crypto businesses trusting Scorechain, our solutions provide everything you need for a MiCA-compliant CASP license in Spain.

🔗 Book a Demo

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