Binance faces EU service limits next week as MiCA rules take effect
Cointelegraph 2026-06-25 12:19:32
Context: Binance, a major cryptocurrency exchange, will be limiting its services in the European Union starting July 1, as it struggles to comply with the Markets in Crypto-Assets (MiCA) regulations. The move comes after the company failed to gain authorization from a member state. As a result, new users will face restrictions on onboarding, while existing users will still be able to make withdrawals.
Key Facts
- Binance will limit its services in the European Union from July 1, in accordance with the MiCA regulations that are set to take effect on that date.
- The company's decision to limit services follows its failure to gain authorization from a member state, which is a requirement under the MiCA rules.
- Existing users of Binance will still be able to make withdrawals, but new users will face restrictions on onboarding and services.
- The MiCA regulations are a comprehensive set of rules aimed at regulating the issuance, trading, and custody of crypto-assets in the European Union.
- The limitations on Binance's services in the EU come as the company navigates the changing regulatory landscape for cryptocurrency exchanges in the region.