A day after pulling its MiCA license application in Greece and insisting it is “not leaving Europe,” Binance informed users across the European Union that it will suspend certain services.
The world’s largest crypto exchange by trading volume said it will not have a Markets in Crypto-Assets (MiCA) license in place by July 1, prompting the move.
According to a company spokesperson, users were notified via email that Binance will stop accepting new registrations and limit some services. “Your assets remain safe and secure, and will remain accessible at all times,” the message said.
On Thursday, Binance confirmed it had withdrawn its application in Greece and plans to pursue authorization in another EU jurisdiction.
“Our ambitions in Europe remain unchanged, and we are confident we will obtain a MiCA license in the coming months,” the company said.
The exchange is now expected to seek approval in France, the Financial Times reported, citing sources familiar with the matter.
The notifications were sent to users in France, Italy, Poland, and Spain just days before 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 all 27 countries, or begin winding down their regional services.
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