Binance's EU comeback plan, and why nobody can say when it'll actually happen

Binance pulled its MiCA software in Greece on June 24, days before the July 1 deadline, after regulators reportedly raised considerations over its AML monitor report and the fit and correct check tied to CZ as majority owner. Since July 1, no new EU customers, no new deposits, no staking, spot buying and selling frozen for present customers too in France, Italy, Poland and Spain. Withdrawals nonetheless work advantageous.

Solely round 210 to 244 companies out of almost three,000 candidates truly received a MiCA license by the deadline, so Binance isn't alone right here, it's just the most important identify to miss it.

Their Europe lead stated they're now going by means of France as an alternative and are "assured" about getting licensed "in the coming months," but that's not a date, that's PR language. Getting rejected once on fit and proper grounds doesn't simply disappear because you file in a special country.

Curious if anyone right here truly expects a sensible timeline, or if this drags into 2027 whereas Coinbase and OKX maintain consuming their EU market share in the meantime.

Not financial advice, simply tracking the regulatory aspect of this.