Los proveedores de servicios de criptoactivos necesitan autorización bajo la PSD2 para prestar servicios de pago con fichas de dinero electrónico (EMTs) - Banco de España news - Banco de España
The update focuses on crypto-asset service providers offering electronic money token (EMT) payment services under PSD2 authorization, which centers on digital asset custody and payment settlement using tokenized instruments.
Mandatory inheritance: Digital Assets triggers automatic co-tagging of Investment Services as the parent category, and the regulatory framework encompasses asset-management and custodial dimensions for crypto-asset service providers.
Specialism
The update concerns authorization requirements for crypto-asset service providers offering payment services using electronic money tokens, which falls under the regulatory framework for cryptocurrency and digital asset service providers.
Mandatory inheritance: Cryptocurrency is a child of Technology, so Technology must be raised as the secondary tag.
2026-04-08 10:15:13·reprocess@vixio.com
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Los proveedores de servicios de criptoactivos necesitan autorización bajo la PSD2 para prestar servicios de pago con fichas de dinero electrónico (EMTs)
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TITLE: Spain's Bank Publishes Guidance on Crypto-Asset Service Provider Authorization Requirements Under Payment Services Directive
BODY:
On March 30, 2026, the Banco de España (Bank of Spain) published guidance reminding crypto-asset service providers that they must obtain authorization as payment service providers under the revised Payment Services Directive (PSD2) to offer payment services using electronic money tokens (EMTs).
The guidance clarifies that crypto-asset service providers offering EMT payment services are subject to PSD2 authorization requirements. The Bank of Spain notes that it previously communicated this requirement in July 2025 and January 2026. For providers that were already offering such services prior to the announcement, the authorization application deadline was March 2, 2026. The Bank of Spain emphasizes that affected crypto-asset service providers must review two European Banking Authority (EBA) documents: a no-action letter issued on June 10, 2025, and Opinion EBA/OP/2026/01 published on February 12, 2026. Providers are required to assess their operational circumstances against the scenarios outlined in these documents and implement any applicable measures or restrictions accordingly.
Crypto-asset service providers should consult Opinion EBA/OP/2026/01 for detailed guidance on compliance obligations. Those that have not yet submitted authorization applications under PSD2 should do so immediately to ensure compliance with Spanish regulatory requirements. The Bank of Spain's announcement applies to all crypto-asset service providers operating in Spain offering EMT payment services.
REFERENCES:
Banco de España. "Los proveedores de servicios de criptoactivos necesitan autorización bajo la PSD2 para prestar servicios de pago con fichas de dinero electrónico (EMTs)." March 30, 2026. Available at: https://www.bde.es/bde/en/secciones/prensa/