Spanish regulators clarify that the MiCA transition period will not be extended, unlicensed crypto platforms must exit the EU by the end of June

Odaily Planet Daily News: The President of the Spanish Securities Market Regulator (CNMV), Carlos San Basilio, stated that there will be no extensions or exemptions for the EU's Markets in Crypto-Assets (MiCA) licensing transition period, including platforms like Binance that have not yet obtained MiCA authorization. Unlicensed crypto companies must exit the EU market by the end of June. The CNMV stated that it is coordinating exit arrangements with relevant platforms to ensure the orderly transfer of customer assets and protect investor rights. It also reminded that after the transition period ends, new transactions conducted by investors on unauthorized platforms will no longer be protected under the MiCA framework. (Reuters)