No MiCA, No Market: Binance Ends Services for European Users

A day after withdrawing its MiCA license application in Greece and reiterating it is “not leaving Europe,” Binance told users across the European Union it will scale back certain services.

The exchange said it will miss the July 1 deadline to secure a Markets in Crypto-Assets (MiCA) license, forcing it to limit operations in the region.

According to a spokesperson, users were informed via email that Binance will stop accepting new registrations and restrict some offerings. “Your assets remain safe and secure, and will remain accessible at all times,” the notice said.

On Thursday, Binance confirmed it had pulled its application in Greece and plans to pursue authorization in another EU member state.

“Our ambitions in Europe remain unchanged, and we are confident we will obtain a MiCA license in the coming months,” the company said.

The firm is now expected to seek approval in France, the Financial Times reported, citing people familiar with the matter.

The notifications were sent to users in France, Italy, Poland, and Spain just ahead of the June 30 deadline. Under MiCA rules, crypto firms must secure a license from at least one EU member state by July 1 to operate across the bloc or begin winding down services.