Binance will stop services in the EU from July 1 due to a missing MiCA license

▤ Summary

MiCA's transition period ends on 1 July 2026, replacing fragmented national crypto rules with one EU-wide framework. Binance will restrict services in several EU countries after missing the licensing deadline and plans to pursue authorization in another member state. The article explains that only licensed firms can use the EU passport, while unlicensed providers must stop onboarding new customers and wind down their services in an orderly way. It also highlights the compliance burden around capital, governance, custody, and anti-money-laundering controls, and points out that licensed platforms gain a major competitive advantage.

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