Binance tells EU users it will no longer provide services after failing to secure MiCA license
A day after withdrawing its MiCA license application in Greece and saying it is ‘not leaving Europe,’ Binance notified users across the European Union that it will suspend some services.
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Summary
- Binance has told customers in several EU countries that it will restrict services because it will not have the required Markets in Crypto-Assets (MiCA) license by the July 1 deadline.
- The exchange, which has halted new registrations in the bloc, says users’ assets remain safe and accessible as it winds down unlicensed EU activities.
- After withdrawing a MiCA application in Greece, Binance plans to seek authorization in France, saying it remains confident it will secure an EU license in the coming months, the FT reported.
