MiCA đȘđș - In short, everything that happened yesterday between Binance and Greece is this:
One of the 27 EU member states simply said ânot yetâ.
Thatâs it.
To obtain a MiCA passport, a single license issued by a member state is enough.
Binance already exchanges with multiple jurisdictions and holds licenses in different countries, including Dubai and El Salvador. The company also says it invests nearly $300 million per year in regulatory compliance and employs thousands of people on these matters.
By July 1, the processing timelineâpart of the European users may be temporarily affectedâand they will be contacted directly by Binance with the next steps.
This is a change in regulatory pathway, not a solvency issue.
If youâre affected, donât rely on alarmist social media posts.
Read Binanceâs official communications and contact support if needed.
A leading market company that continues to grow globally doesnât disappear because a license application is withdrawn in one country.
It simply adapts its regulatory strategy.
$BNB $EUR
One of the 27 EU member states simply said ânot yetâ.
Thatâs it.
To obtain a MiCA passport, a single license issued by a member state is enough.
Binance already exchanges with multiple jurisdictions and holds licenses in different countries, including Dubai and El Salvador. The company also says it invests nearly $300 million per year in regulatory compliance and employs thousands of people on these matters.
By July 1, the processing timelineâpart of the European users may be temporarily affectedâand they will be contacted directly by Binance with the next steps.
This is a change in regulatory pathway, not a solvency issue.
If youâre affected, donât rely on alarmist social media posts.
Read Binanceâs official communications and contact support if needed.
A leading market company that continues to grow globally doesnât disappear because a license application is withdrawn in one country.
It simply adapts its regulatory strategy.
$BNB $EUR