Binance to Stop Serving EU Clients Next Week Over MiCA License
Binance will cease serving EU clients from next week after failing to secure a MiCA license, affecting customers in Poland, Italy, Spain, and France.
Binance has notified users in several EU countries that it will stop providing services from next week. The move comes after the exchange failed to obtain a license under the EU's Markets in Crypto-Assets (MiCA) framework. Clients in Poland, Italy, Spain, and France have been advised to withdraw their funds before the deadline.
The development marks a significant regulatory setback for Binance in Europe, where MiCA aims to standardize crypto regulation across member states. The exchange's inability to secure a license could lead to further restrictions or fines from national regulators.
Source: Cointelegraph