Headline: Binance assures EU customers as MiCA-driven service changes take effect Binance moved to calm users across the European Union on Thursday as the bloc’s Markets in Crypto-Assets (MiCA) transition period ended and new rules began to bite. What’s happening - As of July 1, MiCA requires crypto-asset service providers operating in the European Economic Area to hold authorization to keep serving customers. Providers that missed the MiCA licensing deadline must change which services they offer in affected countries. - Binance confirmed it could suspend some services for affected EU users after missing the full licensing deadline, but stressed this is a suspension rather than a permanent exit. Binance’s message to users - The exchange told customers on X (formerly Twitter) and via direct notices that user assets remain safe and are held on a 1:1 basis. - Affected users will continue to have access to the account options previously communicated to them — notably transfers and withdrawals where applicable. Binance said it is contacting impacted customers directly with next steps. - CEO Richard Teng reiterated the company’s focus on “clarity, continuity, and confidence,” and urged users with account-specific questions to contact Binance Customer Support through official channels. He posted: “User assets remain safe and secure.” What services will change - Earlier reporting and Binance communications indicate the firm is expected to halt new orders, deposits, sign-ups and staking products for residents in jurisdictions where it lacks MiCA approval, while keeping withdrawals available and issuing country-specific service notices. Regulatory and market context - Binance said it remains engaged with European regulators and intends to stay in the market despite the licensing setback; its application in Greece did not produce approval before the deadline. The exchange is reportedly exploring alternative routes to authorization. - MiCA’s enforcement has already reshaped competition in Europe: licensed rivals have launched campaigns to attract users moving from Binance. Coinbase has secured a MiCA hub in Luxembourg, and OKX and other approved exchanges are expanding their European push. What users should do - Check whether your chosen platform holds the required MiCA authorization for your country. - Review any direct communications from exchanges about service changes and withdrawal procedures. - Contact official customer support channels if you have account-specific questions. Binance framed its latest messaging as an effort to reduce uncertainty for affected clients while it works with regulators and communicates available account options directly. Read more AI-generated news on: undefined/news