Binance keeps opening EU accounts seven weeks after July 1 MiCA deadline

Binance continued opening and verifying some new European Union customer accounts more than seven weeks after the July 1 deadline under MiCA, according to tests by Geneva-based publication Sandmark. Users connecting from Austria, France, Germany, Spain and Belgium could register, complete identity checks and deposit cryptocurrency, regardless of whether they used a virtual private network. Sandmark said Binance did not disclose during sign-up that it lacked a MiCA license. Fully verified accounts were opened in two countries, including one created on Aug. 19 with a European identity document and residential address. Binance withdrew its Greek MiCA application in late June and had said it would stop accepting new EU customers from July 1. The exchange remained absent from ESMA’s register of authorized providers, although its product availability may vary by jurisdiction, transitional arrangements, the service involved and individual circumstances. ESMA had instructed unauthorized providers to stop onboarding new EU clients and restrict services to exit actions.

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