MarketPR
Spain's financial regulator has ruled out any leniency for crypto companies that have not yet come into compliance with the European Union's Markets in Crypto-Assets framework, known as MiCA.
Carlos San Basilio, speaking for the Spanish regulator, stated plainly that there will be no exceptions or extensions to the MiCA deadline requiring crypto exchanges to hold a license before offering services to EU-based users.
A Firm Deadline, No Carve-Outs San Basilio's language left little room for interpretation.
The formulation — "no exceptions or extensions" — signals that Spain intends to enforce MiCA's licensing requirement as written, without granting relief to operators still working through the compliance process.
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