Spain's MiCA Transition Period Not Extended; Unlicensed Crypto Platforms Must Withdraw from July

Odaily Odaily reports that the Spanish Securities Market Commission (CNMV) has clearly stated it will not extend the EU's MiCA regulatory transition period. Crypto platforms that have not obtained a CASP license must cease related operations after July 1, 2026. The regulator requires these platforms to only carry out asset transfers and account closures, and to properly handle the migration of client funds.

The CNMV emphasized strict enforcement of this rule, aligning with the EU regulatory framework. After the new regulations come into effect, only licensed institutions will be allowed to provide crypto services such as trading and custody within the EU.