The Spanish Securities Commission has issued a statement on the end of Spain's transitional period under the Markets in Crypto-Assets Regulation, which expires on 30 June 2026 for crypto asset service providers that used that regime. From that date, only providers that have obtained authorization may operate in Spain. From 1 July, investors dealing with an unauthorized provider will not benefit from the protection and supervision provided under MiCA. Providers that will not secure authorization before the deadline must put in place an effective client migration plan. That plan must allow clients to transfer custodied cryptoassets to other addresses and funds to cash accounts, with appropriate security measures and anti-money laundering compliance. Firms may also arrange a transfer to another provider that is already authorized, subject to suitable client protections and conditions, with each client able to accept the transfer after identification is completed. Providers are expected to communicate clearly and sufficiently in advance with clients on the situation, the migration plan, the timetable and the steps involved. The plan must include a reasonable withdrawal period, after which any cryptoassets and funds not withdrawn may be transferred to authorized entities, with affected clients notified. The statement also tells investors to check the registers of the European Securities and Markets Authority and the Spanish Securities Commission to confirm whether their provider is authorized to continue offering services. If it is not, investors should request the provider's migration plan and the options being offered.
Spanish Securities Commission (CNMV)2026-06-15
Spanish Securities Commission clarifies MiCA transition end and requires migration plans for unauthorized crypto asset service providers
The Spanish Securities Commission said the MiCA transitional period in Spain ends on 30 June 2026 and that only authorized crypto asset service providers may operate from then on. Providers that will not be authorized by the deadline must implement client migration plans, including withdrawal or transfer arrangements. Investors are advised to check ESMA and CNMV registers and avoid relying on unauthorized firms from 1 July because MiCA protections will not apply.