On 24 June 2026, Binance withdrew its MiCA licence application filed in Greece and told European customers it will stop providing digital asset services from 1 July 2026. Without authorisation in an EU member state before the 30 June deadline, the exchange loses access to the 27-country single market and says it plans to file a new application in France.
The EU's MiCA regulation, adopted in 2023 and applicable to crypto-asset service providers since late 2024, rests on a simple principle: a licence obtained in one member state serves as a passport for the whole Union. National transition periods ended on 30 June 2026, turning that date into a cliff edge for platforms still without authorisation, including the world's largest crypto exchange.
For Binance's European users, the consequence is concrete: no more buying, selling or trading on the platform, even though access to funds for withdrawal remains the minimum obligation. The episode illustrates a recurring lesson: bitcoins kept on an exchange depend on that exchange's regulatory situation, unlike those held in self-custody, in a wallet whose keys you control.
Worth following: the fate of the new licence application announced in France, how long customers will be able to retrieve their assets, and the redistribution of the European market toward platforms already holding a MiCA licence.