In brief
- Spain’s securities regulator said there will be no extension to the EU’s July 1 MiCA licensing deadline for crypto firms.
- Binance, still unlicensed after withdrawing its application in Greece, may have to temporarily halt EU operations.
- Regulators are working with unlicensed firms to ensure customer assets can be transferred if needed.
Spain’s top securities regulator said Friday the country will not extend a fast-approaching deadline for crypto firms to register under new regulations—even as Binance struggles to do so.
Under the European Union’s newly implemented MiCA crypto framework, firms have until July 1 to register with a member country and remain operational. If they fail to register by next week, then they will be…
