With the Markets in Crypto-Assets, or MiCA, deadline approaching in a matter of days for crypto companies with EU-based users, one Spanish regulator has ruled out any exemptions or extensions.

The EU's landmark MiCA crypto rules take full effect on 1 July. Yet by May, fewer than one in five of the bloc's 1,200-plus registered crypto firms had secured the licence needed…

Crypto firms serving clients across the European Economic Area face shutdown risk if they fail to secure authorization under the Markets in Crypto-Assets