Binance faces EU service limits next week as MiCA rules take effect
Binance told EU users it will restrict key services after failing to secure MiCA authorization from an EU member state before the July 1 deadline. New EU user onboarding will stop, and some services for existing EU accounts will be limited, though withdrawals will remain available. Binance said users can move funds to self-custody wallets or other regulated crypto providers, and that the shift is meant to be orderly and minimize disruption. The change follows Binance withdrawing the MiCA license application it had filed in Greece. Users have asked how staking and active positions will be handled, but Binance has only said balances remain safe and accessible. Some industry figures argue existing users may see little change aside from limits on marketing and acquisition, while others say the impact will depend on how heavily users rely on the platform.
