Spain’s CNMV Enforces Strict MiCA Deadline for Crypto Firms
Spain’s financial markets regulator, the CNMV, has drawn a hard line on MiCA compliance, confirming no extensions or exemptions for crypto companies failing to secure licenses by the June deadline. Carlos San Basilio, president of the CNMV, emphasized an orderly wind-down for unlicensed operators, signaling a firm stance on regulatory adherence.
The Markets in Crypto-Assets Regulation (MiCA) marks a pivotal shift in EU crypto oversight, replacing fragmented national rules with a unified framework. Scrutiny intensifies around customer asset protections as member states take on implementation responsibilities.
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