Binance Pulls Out of Europe After Missing License Deadline
Binance informed customers in the European Union that it is suspending services because it won’t have an operating license in place by July 1. That date matters: under EU rules, crypto firms must hold an operating license from at least one member state by July 1 to legally serve all 27 EU countries. Miss that, and the door to the entire bloc closes — at least temporarily.
Existing European users have been emailed and told the exchange is no longer accepting new registrations and will be restricting services across the EU.
More: https://bitnxt.io/news/binance-exits-europe-after-missing-license-deadline
Binance informed customers in the European Union that it is suspending services because it won’t have an operating license in place by July 1. That date matters: under EU rules, crypto firms must hold an operating license from at least one member state by July 1 to legally serve all 27 EU countries. Miss that, and the door to the entire bloc closes — at least temporarily.
Existing European users have been emailed and told the exchange is no longer accepting new registrations and will be restricting services across the EU.
More: https://bitnxt.io/news/binance-exits-europe-after-missing-license-deadline