Binance Keeps Serving EU Customers Months After Missing Its MiCA Deadline
4 Articles
4 Articles
How Binance Keeps Doing European Business Without License
Bloomberg's Ben Weiss joins Scarlet Fu and Tim Stenovec on "Bloomberg Crypto." Despite failing to get a license in Europe, it's business as usual for Binance in Europe. The firm is still operating in the region due to a number of workarounds and side doors under the EU's Markets in Crypto-Assets Regulatory framework, better known as MiCA. (Source: Bloomberg)
The largest exchange of crypto in the world continues to serve customers in the European Union despite the fact that it has never obtained the authorization required since 1 July. The MiCA license of Binance in Europe remains an open chapter: the regulatory deadline has taken place, but the platform has found the way to remain operational exploiting grey areas of regulation, [...]
Binance Keeps Serving EU Customers Months After Missing Its MiCA Deadline
Binance missed the EU's MiCA licensing deadline in July 2026 but is still serving European customers through the reverse solicitation exemption and an Abu Dhabi entity, according to a Bloomberg report. ESMA has now asked the exchange to confirm it's actually winding down, while Binance reportedly pursues a new license through France.
Since 1 July 2026, Binance can no longer offer services on crypto-actives in France for lack of MiCA accreditation. Two months after this switchover, the Autorité des marchés financiers has neither blocked access to the platform nor prevented the opening of new accounts since the Hexagone. The funds withdrawn by French customers have left, but rarely to the registered competitors that were expected. And the exchange, far from turning the Europea…
Coverage Details
Bias Distribution
- 100% of the sources are Center
Factuality
To view factuality data please Upgrade to Premium
