Spanish regulator: There will be no extensions or exemptions for the MiCA license transition period.

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ME News, June 26 (UTC+8), Carlos San Basilio, Chairman of the Spanish market regulator CNMV, stated that no extensions or exemptions will be granted to crypto companies that fail to obtain the EU MiCA license before the end of June. Major platforms must withdraw from the EU market in compliance. The regulator is in close communication with unauthorized companies, focusing on their exit plans and customer asset transfer arrangements to protect investor rights. He also warned that investors who conduct new transactions on unauthorized platforms will no longer enjoy protection under the MiCA framework. (Source: ChainCatcher)
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