European regulator ESMA called on unauthorized crypto-asset service providers to wind down their businesses in an orderly manner as the MiCA transitional period ends on July 1.

Spain's firm stance on MiCA compliance may drive unlicensed crypto firms to exit or adapt, impacting market dynamics and investor security.

The EU has issued around 230 MiCA licenses led by Germany's 56, as Spain rules out any extension to the July 1 crypto deadline.