Binance Suspends EU Services After Failing to Secure MiCA License
Binance has informed users across the European Union that it will suspend certain services due to its failure to obtain a Markets in Crypto-Assets (MiCA) license by the July 1 deadline. After withdrawing its application in Greece, the exchange intends to pursue authorization in France, maintaining that it still aims to secure a license, according to CoinDesk.
Binance, the leading cryptocurrency exchange by trading volume, has notified users in various European Union (EU) countries that it will suspend certain services. The suspension is a direct result of failing to secure a Markets in Crypto-Assets (MiCA) license by the July 1 deadline, a regulation that requires firms to have authorization from at least one EU member state to operate in the 27-nation bloc.
In an email to customers in France, Italy, Poland, and Spain, Binance stated that it would not accept new registrations and restrict existing services. A spokesperson for the exchange confirmed this action, assuring users that their assets remain "safe and secure, and will remain accessible at all times." This announcement came shortly after Binance withdrew its MiCA license application in Greece.
Despite the setback in Greece, Binance plans to seek authorization in France and expressed confidence in obtaining an EU license in the coming months. "Our ambitions in Europe remain the same, and we are confident we will secure a MiCA licence in the coming months," the company stated.
The MiCA regulation is set to come into full effect on July 1, a pivotal date for crypto firms operating in the EU. Companies that fail to secure a license must wind down their EU activities, which emphasizes the importance of regulatory compliance in the crypto space.
As surveillance of cryptocurrency exchanges intensifies globally, it is essential to monitor how other firms adapt to these regulatory pressures and what steps Binance will take next in its quest for compliance.
Summary based on original reporting by Olivier Acuna at CoinDesk, originally published Jun 26, 2026. SolanaWire does not republish source content.
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