Overview
- Binance withdrew its MiCA application with Greece’s Hellenic Capital Market Commission on June 24 and now holds no EU‑wide MiCA authorisation.
- The exchange has told affected customers in countries including Poland, Italy, Spain and France to withdraw or move assets ahead of the July 1 enforcement date.
- Binance says user assets remain safe and that it will seek authorisation in another EU member state, with the Financial Times reporting it plans to apply in France.
- MiCA creates a single EU licence that must be held by July 1 and only about 194 firms had obtained approvals by mid‑2026, creating a bottleneck that benefits already‑licensed rivals and custody providers.
- National supervisors can force orderly wind‑downs or impose penalties, and Binance’s past regulatory and legal breaches have shaped tougher national scrutiny that will affect whether it regains EU access quickly.