Stablecoin / e-money token issuer · Spain

Emisor de fichas de dinero electrónico (EMT) y de fichas referenciadas a activos (ART) bajo MiCA / MiCA EMT and ART token issuer authorization (Spain)

The Emisor de fichas de dinero electrónico (EMT) y de fichas referenciadas a activos (ART) bajo MiCA / MiCA EMT and ART token issuer authorization is issued by Bank of Spain (BdE) under Regulation (EU) 2023/1114 on markets in crypto-assets (MiCA). It can be passported to the other EU/EEA states by notification. Ownership changes need the regulator's approval before completion.

Last verified 2026-09-24Regulator BdEMarkdown · Data (CC BY 4.0)
Emisor de fichas de dinero electrónico (EMT) y de fichas referenciadas a activos (ART) bajo MiCA / MiCA EMT and ART token issuer authorization: licenceEMT/AR

At a glance

Official nameEmisor de fichas de dinero electrónico (EMT) y de fichas referenciadas a activos (ART) bajo MiCA / MiCA EMT and ART token issuer authorization1
Issued byBank of Spain
JurisdictionSpain
Licence familyStablecoin / e-money token issuer
Legal basisRegulation (EU) 2023/1114 on markets in crypto-assets (MiCA)2
PassportingEU/EEA passport available

What it lets you do

  • Issuing e-money tokens. Offering to the public, or seeking admission to trading of, a token that references the value of a single official currency.
  • Issuing asset-referenced tokens. Offering to the public, or seeking admission to trading of, a token that stabilises its value by referencing other assets or a basket of currencies.

Where it is valid

Spain licence, passportable across the EU/EEAATBEBGHRCYCZDKEEFIFRDEGRHUIEITLVLTLUNLPLPTROSKSIESSEISNOMTLI
Issued in Spain (gold); can be passported to the other EU/EEA states (blue) by notification.

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 exceeding 10%, 20%, 30%, or 50% of the share capital or voting rights, or to acquire control of an electronic money institution, payment institution, or credit financial establishment, must submit prior notification to Banco de España under Procedure ES_BDE_C056_P247 (or ES_BDE_C056_P114 for banks). Banco de España assesses acquirer reputation, financial soundness, and AML/CFT risks within a statutory maximum period of 60 working days from written acknowledgement of receipt. Closing without non-opposition suspends voting rights and triggers administrative penalties under Ley 10/2014 and Real Decreto 736/2019.3

Laws behind it

Last verified 2026-09-24Author Danil Marmysh, Founder & CEO, ProtegraReviewed by Anastasia Sidorenkova, Head of Licensing, ProtegraReport an errorReference information, not legal advice.

Sources

  1. sedeelectronica.bde.es: aplicacion del reglamento relativo a los mercados de criptoa · retrieved 2026-09-24
  2. eur-lex.europa.eu: HTML (32023R1114) · retrieved 2026-09-24
  3. sedeelectronica.bde.es: adquisicion participaciones significativas establecimientos · retrieved 2026-09-24

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