Spain’s CNMV confirms no extensions for EU crypto licensing, forcing unapproved firms to cease operations by June 30.
Spain’s securities regulator CNMV will enforce the EU’s June 30 deadline for MiCA crypto licensing without exceptions. Unlicensed firms must either secure authorization or exit the EU market, the regulator stated.
The move aligns with broader EU regulatory efforts to standardize crypto oversight. Firms like Binance are reportedly working with authorities to ensure an orderly wind-down and safeguard customer assets. No extensions or special provisions will be granted.
The decision underscores the EU’s commitment to strict compliance, with Spain taking a firm stance ahead of the deadline.