Key Takeaways:
- Binance notified users in affected EU markets that crypto services will stop from July 1.
- The exchange told customers their assets will remain safe and accessible.
- The company withdrew its Greek MiCA application after concluding the approval process would not finish before the EU deadline.
Crypto exchange Binance has sent notices to customers in several European Union countries outlining how the July 1 suspension will affect crypto asset services. The messages focused on account access and customer holdings after the exchange missed authorization under the bloc’s Markets in Crypto-Assets (MiCA) framework.
Customers in France received the first emails on Wednesday, before Binance confirmed equivalent notices had been sent to affected users in other EU markets. The company said the suspension reflects its inability to obtain MiCA authorization before the transition period ends.
Binance wrote:
“Binance France is no longer in a position to accept new clients and from July 1, 2026, will no longer [provide] crypto asset services in France.”
MiCA entered into force in 2024 and created a common EU framework for crypto asset trading. The rules introduced shared standards for investor protection and anti-money laundering compliance, with exchanges required to obtain authorization from a national regulator by June 30, 2026.
Binance had applied for MiCA authorization in Greece before withdrawing the application. The company said it withdrew its Greek filing “after careful consideration of the status and the timeline of the process in Greece, with our users’ interests at the center.”
The exchange said it had engaged “constructively and in good faith” with Greek regulators during the review. With no formal decision expected before the transition period closed, Binance said it will seek authorization through another European Union member state while continuing its long-term compliance efforts in Europe.
Binance stated:
“This is not specific to France, similar communications have been sent to affected users in other EU markets.”
Separately, Binance assured customers that service changes would not affect custody of their funds, writing, “Your assets remain safe and secure, and will remain accessible at all times.”
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