Binance has announced it will stop providing services to European Union clients from July 1 due to its failure to secure a Markets in Crypto-Assets (MiCA) license before the bloc's final transition deadline.
The exchange had pursued a bloc-wide license through Greece, but withdrew its application and will seek authorization in another EU member state. Binance says it expects to secure a MiCA license in the coming months, but this will likely occur after the July 1 deadline.
Clients in Poland, Italy, Spain, and France have received messages explaining how to withdraw funds as the July 1 cutoff approaches. However, Binance emphasizes that user assets remain safe and accessible, and it is not telling customers to withdraw funds by July 1.