The Spanish Securities Market Commission warns that only authorized entities can operate legally after June 30th

According to Bitcoin.com, the Spanish Securities Market Commission (CNMV) has issued a statement stating that only authorized virtual asset service providers (VASPs) can operate in the country after the MiCA transition period ends on June 30th. Investors should not trade with entities that have not completed the authorization process. VASPs that have not been authorized by MiCA can design migration plans to manage customer funds, including reaching agreements with other authorized VASPs.