MarketPR
Binance will restrict EU user onboarding and curtail services starting July 1, the exchange disclosed, after failing to secure regulatory authorization from any European Union member state under the bloc's Markets in Crypto-Assets framework.
Existing EU users can still withdraw funds — but the exchange's European access point narrows significantly at the start of next month.
The Authorization Binance Could Not Secure MiCA requires crypto-asset service providers to obtain a license from at least one EU member-state regulator to operate legally across the bloc.
A single national authorization would have unlocked a passporting route to all EU jurisdictions. Binance enters next week without one.
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