Spain's Comisión Nacional del Mercado de Valores (CNMV) has released a Q&A detailing the application of the EU's Markets in Crypto-Assets Regulation (MiCA) for crypto platforms. The document outlines authorization, notification, and conduct requirements, urging platforms to comply by December 30, 2025, or cease operations. This aligns Spain with other EU countries like Italy, which are also implementing MiCA's transitional provisions. The CNMV's guidance aims to clarify the authorization process and ensure firms adhere to transitional deadlines, enhancing investor protection as MiCA takes effect.