Regulations
By James Thorp
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What MiCA Actually Requires. MiCA isn't a light compliance lift. The framework covers licensing, capital requirements, consumer…
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Operational Risk for Non-Compliant Exchanges. What happens to exchanges that miss the deadline? It's not pretty.
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What Firms Should Be Doing Right Now. Accelerating compliance work is the obvious answer, but it's easier said than done.
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Spain won't budge. Carlos San Basilio, head of Spain's financial regulatory body, made it plain: no extensions, no exceptions, no wiggle room for crypto firms that haven't sorted…
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The announcement lands hard on exchanges still scrambling to meet the Markets in Crypto-Assets framework requirements.
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MiCA isn't a light compliance lift. The framework covers licensing, capital requirements, consumer protection rules, and operational standards — all designed to bring crypto…
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For exchanges operating inside Spain, or using Spain as a base to reach EU customers, the clock is ticking with zero flexibility now attached to it.
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The broader EU crypto market has been watching how individual member states handle MiCA rollout.
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What happens to exchanges that miss the deadline? It's not pretty. Legal exposure is the obvious risk — operating without a required license in an EU jurisdiction isn't a gray…
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There's also a reputational angle. Crypto has spent years fighting the perception that it operates outside rules and accountability.
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Related: Coinbase Base Network Back Online After 2-Hour Block Production Freeze
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San Basilio's stance is firm, and it's probably not going to soften. Spain's regulator seems to want a clean break — compliant firms operating, non-compliant firms not operating.
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Crypto companies across the EU have been warned repeatedly that MiCA compliance isn't optional.
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Accelerating compliance work is the obvious answer, but it's easier said than done. Licensing processes take time — legal reviews, documentation, regulatory submissions,…
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Some exchanges may look at their EU exposure and decide the market isn't worth the compliance cost.
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