Binance suspends EU services after failing to secure MiCA license before deadline

Binance told EU customers it is suspending services because it will not have a MiCA license by the July 1 deadline. The exchange withdrew its application in Greece and will now seek authorization in France instead.

• Binance emailed users in France, Italy, Poland and Spain saying it can no longer accept new registrations and will restrict services.
• The exchange withdrew its MiCA license application in Greece and plans to seek authorization in France instead.
• Crypto firms must hold a MiCA license from at least one EU member state by July 1 to serve all 27 countries.
• Binance said user assets remain safe and accessible as it winds down unlicensed EU activities.
• The company says it remains confident it will secure an EU license in the coming months.

Coinporta summarises news for fast scanning. Full reporting belongs to the source.