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Spain has told Binance and other cryptocurrency companies that there will be no exceptions and no extensions ahead of the Markets in Crypto-Assets (MiCA) compliance deadline.
The declaration puts Spanish regulators among the strictest enforcers of the EU's landmark crypto framework.
Industry reaction has split sharply, with some operators welcoming MiCA's clarity and others warning it could curtail the liquidity options available to customers.
Spain's Position Leaves No Room for Negotiation Spanish authorities have made their stance explicit: crypto firms, including Binance — the exchange whose native token trades as $BNB — must meet MiCA requirements on schedule.
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