Woofun AI reports that the Spanish Securities Market Commission (CNMV) has confirmed it will not extend the transitional period for the EU’s MiCA regulation. Crypto platforms lacking a CASP license must halt relevant operations after July 1, 2026. Under these rules, such entities are restricted to asset transfers and account closures while ensuring proper handling of customer funds. The CNMV stated it will strictly enforce these measures in alignment with the EU regulatory framework, meaning only licensed institutions may provide trading and custody services within the EU post-deadline.