Binance will begin limiting onboarding and services for users in the European Union starting July 1, as it has not secured authorization from any member state under the new Markets in Crypto-Assets (MiCA) framework, according to CoinTelegraph.
Despite these restrictions, Binance will continue to allow withdrawals for existing users within the EU, ensuring they can access their funds even as new service offerings are curtailed.
This move reflects increasing regulatory scrutiny across global markets, including Japan, where compliance with local crypto regulations remains a key focus for exchanges operating in the region.