Spanish Regulator Says No Extensions for EU Crypto Deadline as Binance Remains Unlicensed
Spain’s securities regulator said it will not extend the July 1 deadline for crypto firms to register under the EU’s MiCA rules. Firms that miss the deadline must stop operating, and European customers will not be able to transact with unauthorized providers. Binance, the largest crypto exchange, withdrew its registration attempt in Greece after reports approval was unlikely and is now seeking another EU base. It may have to temporarily wind down European operations if it cannot secure registration in time. Spain’s regulator said there will be no exceptions or extensions and expressed concern about how major platforms will handle the end of the transition period. It is in contact with crypto firms lacking licenses to make sure client assets can be transferred to other providers and investor rights protected. Once licensed in one EU country, firms can passport that license across the bloc.
