Spain will not extend MiCA license deadline

Spain's financial regulator, the National Securities Market Commission (CNMV), will not extend the deadline or grant exceptions for obtaining a license under the European Union's Markets in Crypto-Assets (MiCA) regulation, Reuters reported. CNMV Chairman Carlos San Basilio stated that there will be no extensions or exemptions for crypto companies that fail to secure a MiCA license by the end of June. He added that the regulator is in close consultation with unauthorized firms to ensure an orderly wind-down of their operations.