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A day after withdrawing its MiCA license application in Greece and saying it is ‘not leaving Europe,’ Binance notified users across the European Union that it will suspend some services.
Binance will limit EU onboarding and services from July 1 under MiCA rules after failing to gain authorization from a member state, while withdrawals remain available for users.
Poland-founded crypto exchange Kanga has secured a Class 3 MiCA license in Latvia, enabling EU-wide crypto services as Polish lawmakers debate framework's implementation.
Crypto exchange Binance formally withdrew its MiCA license application in Greece, one week after a report said it would be denied.
The crypto giant must find a home base in the EU by July 1 or regulators will force the company to shut down operations for millions of regional users.
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