The Spanish National Securities Market Commission (CNMV) recently published the "Crypto Asset Market Regulation" (MiCA) Implementation Q&A Guide, providing a detailed interpretation of the specific requirements for crypto trading platforms in terms of regulatory compliance.

According to CNMV's guidance, crypto platforms need to strictly adhere to regulations in areas such as investor protection, license application, and regulatory transition periods. Especially in the investor protection segment, CNMV emphasized that platforms must establish comprehensive risk disclosure mechanisms and fund security assurance systems.

It is worth noting that the MiCA rules set a clear transition period. According to the announcement, this transition period will last until July 1, 2026. This means that before this date, platforms can make business adjustments and compliance upgrades within the framework of meeting transition requirements, preparing for full compliance in the future.

For crypto platforms aiming to operate in the European market, staying updated on these regulatory guidelines can help better understand compliance requirements and plan business strategies in advance.