CaixaBank has received authorization under the EU's MiCA regulations to operate as a crypto asset service provider, becoming the sixth licensed bank in Spain to offer crypto custody, trading, and transfer services. According to ChainCatcher, the other authorized institutions include BBVA, Openbank (a subsidiary of Santander Group), Cecabank, Renta 4 Banco, and Kutxabank. BBVA was the first to receive approval in 2025 and launched Bitcoin and Ethereum trading and custody services in July of the same year. The MiCA authorization serves as a regulatory passport within the EU, allowing licensed institutions to operate legally without needing to apply in each country. Spain's transition period will end on June 30, 2026, after which unauthorized institutions will be prohibited from providing crypto asset services.