EU
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.
German Chancellor Friedrich Merz called for peace negotiations with Russia at the Ukraine reconstruction conference. He also stated that Ukraine will prevail and become an EU member.
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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.
The EU has delayed its proposal for a complete ban on oil imports from Russia. The move comes amid a sudden loss of political support due to the Iran war, even though the draft is already prepared. The regulation was set to apply to all member states, including Hungary and Slovakia.
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German Finance Minister Lars Klingbeil, together with counterparts from Austria, Italy, Portugal and Spain, has called on the EU Commission to swiftly develop an EU-wide tax on excessive profits by energy companies. In a joint letter, they reference the 2022 solidarity contribution introduced during the energy crisis following Russia's invasion of Ukraine, proposing a similar instrument amid current market distortions from the Iran war.
In a landmark 6-3 ruling, the US Supreme Court declared unlawful the special tariffs President Donald Trump imposed on dozens of trading partners under a 1977 emergency law, ruling that it does not authorize the president to bypass Congress. The decision, published earlier this year, has collected about $130 billion but left refunds unclear, prompting lawsuits from importers like FedEx. Trump responded by announcing a new general 10% tariff on all goods.
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Ukraine has imposed sanctions on Arkady Dvorkovich, the Russian president of the International Chess Federation (FIDE), as part of measures against athletes supporting the war. His name appears in the draft of the European Union's 20th sanctions package. The outcome may depend on Hungary's stance.
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