Spain's MiCA Transition Period Will Not Be Extended; Crypto Platforms Without CASP Licenses Must Exit by July

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

The CNMV emphasized that it will strictly enforce this rule and align with the EU regulatory framework. After the new regulations take effect, only licensed institutions will be permitted to provide crypto services such as trading and custody within the EU.