Binance Suspends EU Services July 1: Founder Criminal Record Blocked MiCA License Bid

▤ Summary

Binance is suspending EU services for new spot orders, deposits, registrations, and yield products starting July 1 after failing to secure MiCA authorization. Greek regulators reportedly questioned the suitability of founder Changpeng Zhao under the EU's fit-and-proper rules, and Binance has now shifted its licensing effort toward France. The move affects millions of EU users who will lose regulated-platform protections if they remain on Binance after the deadline. Rival exchanges such as Coinbase, Kraken, and OKX have already secured MiCA authorization and are positioned to capture migrating users.

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