Strike Clears MiCA Hurdle as Binance Restricts Services Across Europe

Strike, a Bitcoin financial services company founded by Jack Mallers, has secured permanent access to all 27 member states under the European Union's Markets in Crypto-Assets Regulation (MiCA). This means that Strike can now offer its services to millions of European customers across the continent.

The company achieved this through the Malta Financial Services Authority (MFSA), one of the few firms to complete the full MiCA authorization process so far. Binance, on the other hand, has been forced to restrict its services in several EU countries after failing to obtain a MiCA license, which it applied for through Greece but withdrew before the July 1 deadline.

Strike's approval is significant because it provides permanent access to all 27 EU member states with just one approval. The company offers Bitcoin-only services, including buying and selling, fee-free recurring purchases, and free on-chain withdrawals. It also provides private client services for high-net-worth individuals and business accounts for corporate treasury operations and payments.