Svmuu News: The Spanish National Securities Market Commission (CNMV) has made it clear that it will not extend the EU MiCA regulatory transition period; crypto platforms that have not obtained a CASP license must cease relevant operations after July 1, 2026. Regulators require these platforms to limit their operations to asset transfers and account closures, and to properly manage the transfer of client funds.
The CNMV emphasized that it will strictly enforce this rule and maintain alignment with the EU regulatory framework. Once the new regulations take effect, only licensed entities will be permitted to provide crypto services—such as trading and custody—within the EU.