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Spain’s CNMV Issues Final Warning to Crypto Firms Ahead of June 30 MiCA Transition Deadline

On Monday, Spain's National Securities Market Commission (CNMV) issued a critical warning to virtual asset service providers (VASPs) regarding the impending June 30 deadline for the European Union's Markets in Crypto-Assets (MiCA) regulation. According to reports from Bitcoin.com, the CNMV stated that the transition grace period for unauthorized firms will expire on this date, after which only fully authorized entities may legally operate within Spain. The regulator advised investors to avoid trading with non-compliant firms to ensure regulatory protection. For entities lacking authorization, the CNMV recommended establishing migration plans to safeguard client assets or partnering with authorized providers. ATH21 CEO Cris Carrascosa noted that with approximately 15 days remaining, fewer than half of existing VASPs have secured the necessary licenses, signaling potential service disruptions across the European crypto landscape.
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