EU Crypto Firms Face Hard Deadline as Spanish Regulator Denies Extensions
The Spanish regulator has confirmed that crypto firms in the EU must secure a MiCA license by July 1 or cease operations, with no extensions available. Binance remains unlicensed.
Editorial Staff
1 min read
Updated 4 days ago
Crypto firms operating within the European Union are facing a critical deadline. The Spanish regulator has made it clear that all firms must obtain a MiCA license by July 1 to continue their operations.
Currently, Binance is among those firms that continue to operate without the necessary licensing. This situation raises concerns about compliance and the future of such platforms in the EU.
The regulator's firm stance on not granting any extensions underscores the urgency for crypto firms to act swiftly to avoid being forced to cease operations.