Binance Pulls Out of EU as MiCA License Bid Falls Through

Here’s a more refined, fluid rewrite with a crisp newsroom tone:

Just a day after withdrawing its MiCA license application in Greece and maintaining it is “not leaving Europe,” Binance informed users across the European Union that it will scale back certain services.

The exchange said it will not secure a Markets in Crypto-Assets (MiCA) license before the July 1 deadline, prompting the move.

A spokesperson confirmed that users were notified via email that Binance will stop onboarding new customers and restrict some services. “Your assets remain safe and secure, and will remain accessible at all times,” the message stated.

On Thursday, Binance said it had pulled its application in Greece and would pursue authorization in another EU jurisdiction.

“Our ambitions in Europe remain unchanged, and we are confident we will obtain a MiCA license in the coming months,” the company said.

The firm is now expected to seek approval in France, according to a Financial Times report citing sources familiar with the matter.

The notifications were sent to users in France, Italy, Poland, and Spain just days before the June 30 deadline. Under MiCA rules, crypto firms must obtain a license from at least one EU member state by July 1 to operate across the bloc or begin winding down services.

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