July 1, 2026, the deadline will arrive.

Wu Shuo learned that the Spanish National Securities Market Commission (CNMV) has issued an announcement stating that the transition period for crypto asset service providers under the EU Crypto Asset Markets Regulation (MiCA) will end on June 30, 2026. Starting July 1, only service providers that have obtained the necessary authorization may continue operating in Spain. The CNMV reminds investors not to transact with entities that have not completed the authorization process. Unauthorized service providers must develop a customer asset migration plan, allowing customers to withdraw their custodial crypto assets and funds, and assets may be transferred to authorized institutions after the customer’s consent.