A day after pulling its MiCA license application in Greece and insisting it is “not leaving Europe,” Binance notified users across the European Union that it will reduce certain services.
The exchange said it will not have a Markets in Crypto-Assets (MiCA) license in place by the July 1 deadline, forcing it to scale back operations in the region.
According to a spokesperson, users were informed via email that Binance will halt new user registrations and limit some services. “Your assets remain safe and secure, and will remain accessible at all times,” the notice said.
On Thursday, Binance confirmed it had withdrawn its application in Greece and plans to seek authorization in another EU country.
“Our ambitions in Europe remain unchanged, and we are confident we will secure a MiCA license in the coming months,” the company said.
The exchange is now expected to target France for approval, the Financial Times reported, citing sources familiar with the plans.
The emails were sent to users in France, Italy, Poland, and Spain just ahead of the June 30 cutoff. Under MiCA rules, crypto firms must obtain a license from at least one EU member state by July 1 to operate across the bloc or begin winding down services.
