Binance, the world’s largest cryptocurrency exchange, has announced that it will suspend services in European Union countries effective July 1, 2026. This decision stems from the company’s failure to obtain a license under the EU’s Markets in Crypto-Assets (MiCA) regulation. MiCA, which took effect in 2024, established uniform rules for regulating cryptoasset trading in the EU, including investor protection measures and anti-money laundering requirements. Exchanges were given until June 30, 2026, to obtain authorization from a national regulator in one of the EU member states. Binance applied for a license in Greece but withdrew its application after no formal decision was made before the end of the transition period. The company announced its intention to reapply for a license through another EU member state. ([ru.euronews.com](https://ru.euronews.com/business/2026/06/25/binance-will-stop-its-crypto-services-across-eu-countries-after-failing-to-obtain-mica-app?utm_source=openai)) In a letter to its French customers, Binance stated that its French subsidiary “can no longer accept new customers and will no longer provide crypto-asset services in France as of July 1, 2026.” Similar notifications were sent to users in other EU countries. The company assured customers that their assets remain secure and will be accessible at any time. ([ru.euronews.com](https://ru.euronews.com/business/2026/06/25/binance-will-stop-its-crypto-services-across-eu-countries-after-failing-to-obtain-mica-app?utm_source=openai)) A Binance spokesperson emphasized that the company is not leaving Europe and intends to continue operating in the region despite the current difficulties in obtaining a license. Binance is currently exploring alternative ways to obtain authorization to operate in the EU. ([moneycontrol.com](https://www.moneycontrol.com/news/business/binance-vows-to-stay-in-europe-despite-licence-setback-13957886.html?utm_source=openai)) The denial of a license in Greece and the subsequent suspension of services in the EU have become yet another challenge for Binance, which has faced increased scrutiny from regulators around the world in recent years. The company has previously faced allegations of facilitating money laundering and violating anti-money laundering laws in various jurisdictions. ([ru.euronews.com](https://ru.euronews.com/business/2026/06/25/binance-will-stop-its-crypto-services-across-eu-countries-after-failing-to-obtain-mica-app?utm_source=openai)) Amid growing regulation of the cryptocurrency market in Europe and around the world, Binance continues to adapt to new requirements, striving to ensure that its operations comply with legal standards and maintain user trust.