Spain’s CNMV Says MiCA Transition Will Not Be Extended, Unlicensed Crypto Platforms Must Stop After July 1, 2026

Spain’s securities market regulator, the National Securities Market Commission (CNMV), said it will not extend the European Union’s MiCA regulatory transition period and that crypto platforms without a Crypto-Asset Service Provider (CASP) license must stop related business after July 1, 2026. According to Odaily, the CNMV said affected platforms will only be allowed to carry out asset transfers and account closures, and must properly handle the migration of client funds. The CNMV said it will strictly enforce the rule and keep it aligned with the EU regulatory framework. Under the rules, only licensed institutions will be able to provide crypto services in the EU, including trading and custody.