# Proveedor de servicios de criptoactivos (PSC) / Crypto-asset service provider authorization (Spain)

Source page: https://protegra.io/licensing/licences/casp-mica/spain/

The Proveedor de servicios de criptoactivos (PSC) / Crypto-asset service provider authorization is issued by National Securities Market Commission (CNMV) under Regulation (EU) 2023/1114 on markets in crypto-assets (MiCA). It can be passported to the other EU/EEA states by notification. The official register lists 9 current holders. The legal decision period is 40 working days from receipt of a complete application (following 25 working days completeness check). Ownership changes need the regulator's approval before completion.

## At a glance

| Official name | Proveedor de servicios de criptoactivos (PSC) / Crypto-asset service provider authorization [1] |
| --- | --- |
| Issued by | [National Securities Market Commission](https://protegra.io/licensing/regulators/cnmv-spain/) |
| Jurisdiction | [Spain](https://protegra.io/licensing/jurisdictions/spain/) |
| Licence family | [Crypto-asset service provider (MiCA CASP)](https://protegra.io/licensing/licences/casp-mica/) |
| Legal basis | Regulation (EU) 2023/1114 on markets in crypto-assets (MiCA) [2] |
| Passporting | EU/EEA passport available |
| Statutory decision time | 40 working days from receipt of a complete application (following 25 working days completeness check) [2] |
| Public register | [official register](https://www.cnmv.es/Docportal/Proveedores-Servicios-Criptoactivos/Listado_ProveedoresCriptoactivos.pdf) [3] |
| Current holders | 9 [3] |

## What it lets you do

- [Custody and administration of crypto-assets](https://protegra.io/licensing/activities/crypto-custody/)
- [Operating a crypto-asset trading platform](https://protegra.io/licensing/activities/crypto-trading-platform/)
- [Exchange of crypto-assets for funds](https://protegra.io/licensing/activities/crypto-fiat-exchange/)
- [Exchange of crypto-assets for other crypto-assets](https://protegra.io/licensing/activities/crypto-crypto-exchange/)
- [Execution of orders for crypto-assets on behalf of clients](https://protegra.io/licensing/activities/crypto-order-execution/)
- [Placing of crypto-assets](https://protegra.io/licensing/activities/crypto-placing/)
- [Reception and transmission of orders for crypto-assets](https://protegra.io/licensing/activities/crypto-order-reception-transmission/)
- [Advice on crypto-assets](https://protegra.io/licensing/activities/crypto-advice/)
- [Portfolio management of crypto-assets](https://protegra.io/licensing/activities/crypto-portfolio-management/)
- [Transfer services for crypto-assets](https://protegra.io/licensing/activities/crypto-transfer/)

- **Custody and administration of crypto-assets.** Safekeeping or controlling crypto-assets, or the means of access to them such as private keys, on behalf of clients.
- **Operating a crypto-asset trading platform.** Managing a multilateral system that brings together buying and selling interests in crypto-assets so that contracts are concluded.
- **Exchange of crypto-assets for funds.** Buying or selling crypto-assets against fiat money using the provider's own capital.
- **Exchange of crypto-assets for other crypto-assets.** Concluding contracts with clients to swap one crypto-asset for another using the provider's own capital.
- **Execution of orders for crypto-assets on behalf of clients.** Concluding agreements to buy or sell crypto-assets on behalf of clients, including subscribing to offers.
- **Placing of crypto-assets.** Marketing crypto-assets to purchasers on behalf of or for the account of the offeror or a related party.
- **Reception and transmission of orders for crypto-assets.** Receiving a client's order to buy or sell crypto-assets and passing it to a third party for execution.
- **Advice on crypto-assets.** Giving personalised recommendations to a client about transactions in crypto-assets or the use of crypto-asset services.
- **Portfolio management of crypto-assets.** Managing portfolios that include crypto-assets on a discretionary, client-by-client basis under a mandate.
- **Transfer services for crypto-assets.** Moving crypto-assets on behalf of a client from one distributed-ledger address or account to another.

## Where it is valid

_Issued in Spain (gold); can be passported to the other EU/EEA states (blue) by notification._

## How long it takes

Statutory: 40 working days from receipt of a complete application (following 25 working days completeness check) [2]. Observed: not published. The statutory clock usually starts only when the regulator treats the application as complete, and pauses while it waits for answers to its questions.

## Buying a company that already holds it

**Prior notification with an objection period.** Any natural or legal person intending to acquire or increase, directly or indirectly, a qualifying holding reaching or crossing 10%, 20%, 30%, or 50% of capital or voting rights, or to gain control of an ESI, EAF, SGIIC, or CASP, must submit prior written notification to the CNMV under Articles 152-154 of Ley 6/2023 (LMVSI) and MiCA Art. 83. The CNMV assesses acquirer suitability, reputation, financial soundness, and AML/CFT risks within a statutory 60 working days assessment period (interruptible once by up to 20 working days for supplementary filings). Unauthorised acquisitions automatically forfeit voting rights and may trigger administrative intervention or statutory sanctions (Art. 156 LMVSI). [4]

## Laws behind it

- [Markets in Crypto-Assets Regulation](https://protegra.io/licensing/laws/eu-mica-2023-1114/): Regulation (EU) 2023/1114

## Sources

1. [cnmv.es: innovacion](https://www.cnmv.es/portal/fintech/innovacion?lang=es): retrieved 2026-09-24
2. [eur-lex.europa.eu: HTML (32023R1114)](https://eur-lex.europa.eu/legal-content/EN/TXT/HTML/?uri=CELEX:32023R1114): retrieved 2026-09-24
3. [cnmv.es: Listado ProveedoresCriptoactivos (PDF)](https://www.cnmv.es/Docportal/Proveedores-Servicios-Criptoactivos/Listado_ProveedoresCriptoactivos.pdf): retrieved 2026-09-24
4. [boe.es: act](https://www.boe.es/buscar/act.php?id=BOE-A-2023-7053): retrieved 2026-09-24

Last verified 2026-09-24 · Author: Danil Marmysh · Reviewed by Anastasia Sidorenkova · © Protegra. Data: CC BY 4.0, cite "Protegra Licensing Atlas". Not legal advice.