European Union · Spain · France · Financial Times · The Block
Spain confirms ‘no exceptions or extensions’ for Binance, other crypto firms ahead of MiCA deadline
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Spain's securities regulator said crypto firms that fail to secure licensing under the European Union's MiCA framework will not receive extra time or special treatment, adding to the pressure on Binance and other platforms to keep serving EU customers ahead of the July 1 deadline.
Key facts
- Spain's securities regulator said crypto firms that fail to secure licensing under the European Union's MiCA framework will not receive extra time or special treatment, adding to the pressure
- Carlos San Basilio, chair of Spain's CNMV, said on Friday that there would be " no exceptions or extensions " for firms that have not obtained authorization under the EU's Markets in Crypto-Assets
- OKX founder and CEO Star Xu shot back in a reply to Zhao's tweet, accusing Binance of "ignoring laws and regulations" and citing past allegations of "money laundering, sanctions violations and market
- Binance founder Changpeng Zhao criticized the potential loss of access, writing on X that it was "sad to see the EU cutting their users off from the best liquidity in the world" and arguing
Summary
Carlos San Basilio, chair of Spain's CNMV, said on Friday that there would be " no exceptions or extensions " for firms that have not obtained authorization under the EU's Markets in Crypto-Assets regime, . The comments come after Binance withdrew its application for a MiCA license in Greece on Wednesday, saying it would look to get authorization in another EU member state. Binance customers in Poland, Italy, Spain, and France have begun to receive emails on how to withdraw their funds, the Financial Times reported earlier on Friday.