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🇪🇺 ALERT IN EUROPE: Binance will suspend part of its services due to the MiCA regulation 🛑📉
Starting July 1, Binance will proactively suspend part of its services in several countries in the European Union.
The drastic measure is a response to the definitive entry into force of the Markets in Crypto-Assets (MiCA) regulation, since the exchange has not managed to obtain the required authorization in time after recently withdrawing its regulatory application in Greece 🏛️.
Although the firm will stop marketing new products and attracting users in these areas, the funds remain completely safe.
Users in the affected regions will keep guaranteed access to the platform in an orderly manner, exclusively to withdraw their assets to external wallets or to close their current positions 🔐.
$BNB
$BTC
$ETH
#BinanceSquare #MiCA #BinanceEurope #RegulacionCripto #CryptoNews
Starting July 1, Binance will proactively suspend part of its services in several countries in the European Union.
The drastic measure is a response to the definitive entry into force of the Markets in Crypto-Assets (MiCA) regulation, since the exchange has not managed to obtain the required authorization in time after recently withdrawing its regulatory application in Greece 🏛️.
Although the firm will stop marketing new products and attracting users in these areas, the funds remain completely safe.
Users in the affected regions will keep guaranteed access to the platform in an orderly manner, exclusively to withdraw their assets to external wallets or to close their current positions 🔐.
$BNB
$BTC
$ETH
#BinanceSquare #MiCA #BinanceEurope #RegulacionCripto #CryptoNews
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🇪🇺 BINANCE STAYS IN EUROPE: Withdraws application in Greece but seeks another regulatory path 🛡️🚀
Despite the growing market doubts, Binance's Director for Europe and the UK, Gillian Lynch, was firm: "Binance is not leaving Europe." The executive clarified that, although the original plan to secure the MiCA license through the Greek regulator did not succeed, the company will simply adjust its legal strategy.
The leading global exchange officially confirmed the withdrawal of its application in Greece due to the imminent risk of rejection, just days before the July 1 deadline set by the new European Union regulations (MiCA).
After months of speculation and regulatory hurdles, Binance will now seek authorization in other member states of the European bloc (like Ireland or Latvia).
Lynch defended the firm's multi-million dollar investments in compliance and its more than 1,500 employees focused on internal control.
The exchange has assured that this setback does not alter its long-term plans and that it will notify affected users in detail about how their funds will be managed and the upcoming operational steps while the license is formalized in another European jurisdiction.
#BinanceSquare #MiCA #BinanceEurope #RegulaciónCripto
$BNB
$EUR
$SOL
Despite the growing market doubts, Binance's Director for Europe and the UK, Gillian Lynch, was firm: "Binance is not leaving Europe." The executive clarified that, although the original plan to secure the MiCA license through the Greek regulator did not succeed, the company will simply adjust its legal strategy.
The leading global exchange officially confirmed the withdrawal of its application in Greece due to the imminent risk of rejection, just days before the July 1 deadline set by the new European Union regulations (MiCA).
After months of speculation and regulatory hurdles, Binance will now seek authorization in other member states of the European bloc (like Ireland or Latvia).
Lynch defended the firm's multi-million dollar investments in compliance and its more than 1,500 employees focused on internal control.
The exchange has assured that this setback does not alter its long-term plans and that it will notify affected users in detail about how their funds will be managed and the upcoming operational steps while the license is formalized in another European jurisdiction.
#BinanceSquare #MiCA #BinanceEurope #RegulaciónCripto
$BNB
$EUR
$SOL
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