The exchange stopped offering trading from July 1 in several markets after it did not secure authorization under MiCA, the EU's crypto regulatory framework, BFM Business reported.
Binance has stopped offering trading services in France and several other European countries from July 1 after failing to obtain a MiCA license in time, BFM Business reported. The change reflects the rollout of MiCA (European Union crypto rulebook), which requires crypto-asset service providers to secure authorization to operate across the bloc. Losing access to trading in multiple markets could complicate Binance's European business as regulators tighten oversight of exchanges and related services.