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On June 15, 2026, Spain's National Securities Market Commission (Comisión Nacional del Mercado de Valores — CNMV) announced that the transitional period for the Markets in Crypto-Assets Regulation (MiCA Regulation) will conclude on June 30, 2026. From July 1, 2026, only crypto-asset service providers (CASPs) holding the required authorisation will be permitted to operate in Spain. The CNMV statement addresses obligations for both CASPs and investors during this transition. CASPs that do not expect to obtain authorisation before the deadline must implement effective client migration plans. These plans must enable clients to transfer crypto-assets held in custody to alternative wallet addresses and withdraw funds to bank accounts, incorporating appropriate security measures and complying with anti-money laundering requirements. Alternatively, CASPs may enter into agreements with authorised providers to facilitate client transfers, subject to adequate safeguards protecting client interests. Providers must ensure timely, transparent and ongoing communication with clients regarding regulatory status, migration arrangements, applicable timelines and required actions. Migration plans should provide clients with a reasonable period to withdraw crypto-assets and funds; any remaining assets may be transferred to an authorised provider following advance notification. From July 1, 2026, investors conducting business with unauthorised entities will no longer benefit from MiCA protections. The CNMV advises investors to verify provider authorisation status through registers maintained by the European Securities and Markets Authority (ESMA) and the CNMV before engaging with crypto-asset service providers. Investors should request information regarding migration arrangements and available options if their provider lacks authorisation. For further information, investors and providers may contact the CNMV Communications Department at 91 5851530 or comunicacion@cnmv.es.