Spain says ‘no exceptions or extensions’ for Binance, other crypto firms ahead of MiCA deadline

The Block·

Spain says ‘no exceptions or extensions’ for Binance, other crypto firms ahead of MiCA deadline

60-second summary

Spain's financial regulator states that Binance and other crypto firms will face no exceptions or extensions for the MiCA deadline, emphasizing the need for compliance. Industry leaders remain divided on MiCA, with some praising its framework and others warning it could limit customer access to liquidity, sparking concerns about market impact and potential customer losses.

Industry leaders remain divided over MiCA, with some praising the framework while others warn it could limit customer access to liquidity.