MiCA
Binance to restrict EU services after missing MiCA deadline
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Binance has notified European Union customers that it will suspend some services starting July 1 because it will not hold a MiCA license by the deadline.
Binance will limit its services for European users starting July 1 after failing to obtain a MiCA license. The exchange withdrew its application in Greece following reported resistance from regulators there.
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Binance has withdrawn its application for a Markets in Crypto-Assets license in Greece. The company will seek authorization in another European Union country instead. The move comes days before a July 1 deadline under MiCA rules.
Europe's MiCA rules will cut off unlicensed crypto platforms from serving customers after July 1, 2026. Only 194 firms hold licenses so far, leaving many users at risk of losing access.
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Germany-based AllUnity has launched its MiCA-compliant euro stablecoin EURAU on the Solana blockchain. The expansion targets faster and cheaper euro transfers for businesses and developers. This move coincides with rapid growth in the euro stablecoin market.