1 month ago
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Key Takeaways
- Binance missed the July 1 MiCA licensing deadline.
- Spain’s regulator ruled out exceptions or extensions.
- Sparkassen brings BTC trading to 50 million customers.
- DZ Bank already holds its BaFin authorization.
July 1 marked the end of MiCA’s transition period, and the largest exchange in the world crossed it without a license. Binance withdrew its application in Greece days before the deadline, saying it would seek authorization in another member state and expects approval in the coming months. Until that happens, the exchange faces orderly wind-down procedures across EU jurisdictions.
Regulators made clear there is no grace period. Carlos San Basilio, chair of Spain’s CNMV, said there would be “no exceptions or extensions” for firms without MiCA authorization, adding that the re...
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