Binance has failed to obtain a license under the bloc’s new framework regulating the industry
Binance has announced plans to temporarily suspend services to its customers in the European Union starting next week. The crypto exchange, which is the world’s largest by trading volume, has so far failed to secure authorization under the bloc’s new licensing regime.
All crypto-asset service providers are obliged to get a license under the Markets in Crypto-Assets Regulation, known as MiCA, by July 1, or risk penalties. Adopted in 2023 and rolled out in stages from 2024, the legal framework aims to reduce the risks of market abuse and financial…
Read the full article at RT.COM
