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According to The Block, Binance founder Zhao Changpeng stated that the MiCA license application submitted by Binance in Greece fully complied with regulatory requirements and was close to approval before being withdrawn, but ultimately the process was interrupted due to "external political factors."In an interview, Zhao Changpeng mentioned that several countries within the EU had expressed interest in the license, and there was even a certain degree of "competitive pursuit," but the regulatory progress was ultimately affected by non-regulatory factors, forcing the application to be withdrawn. Binance officially withdrew its application in Greece last week and stated that it would turn to other EU member states to continue pursuing MiCA authorization.In response to market rumors regarding his connections with high-level EU politicians, Zhao Changpeng stated that he had not seen any verifiable documents and only saw similar claims online, which he did not confirm. Zhao Changpeng also pointed out that the EU MiCA transition period will officially end on July 1, at which time platforms that have not obtained licenses must cease related services. Regulatory agencies in various countries have made it clear that they will not postpone enforcement, and they evaluate this outcome as a "lose-lose situation," using the regulatory processes in Japan and Singapore as examples to emphasize that compliance processes often require a longer period.Additionally, when discussing Strategy's STRC preferred stock product, Zhao Changpeng stated that its structure is "too complex" and expressed difficulty in fully understanding its mechanism, but emphasized that he does not comment on the credibility of its founder Michael Saylor, considering him a "staunch supporter of Bitcoin."

With the European Union's Markets in Crypto-Assets Regulation (MiCA) officially coming into full effect on July 1, 2026, it marks the beginning of a new era of unified regulation in the European digital asset market. As the global regulatory framework continues to improve, stablecoin payments are evolving from a focus on "pure efficiency" to "compliance, transparency, and trust," accelerating their transformation into core infrastructure for enterprise-level payments.As a provider of enterprise-level stablecoin payment infrastructure, WasabiCard consistently practices a "compliance first" development philosophy. By continuously strengthening core risk control capabilities such as AML (Anti-Money Laundering), KYC (Know Your Customer), and KYB (Know Your Business), it is committed to building a secure, transparent, and sustainable foundation for global payments.As stablecoins rapidly penetrate core business scenarios such as enterprise treasury management, cross-border payments, and B2B settlements, compliance capability has become the primary consideration for enterprises when choosing payment channels. In the future, WasabiCard will leverage its core capabilities of "global issuance, stablecoin payments, global remittance, and fund distribution" to deeply integrate a comprehensive compliance system with business scenarios, helping global enterprises confidently navigate the evolving regulatory environment and significantly enhance the security and compliance efficiency of their global operations.

According to the latest social media news from CoinGecko, Gate is competing with platforms like Coinbase and OKX for the increase of EU users. Gate continues to advance its European compliance process, and Gate Group's Malta entity, Gate Europe, has obtained European MiCA and PI licenses under the supervision of the Malta Financial Services Authority (MFSA), strengthening its global compliance framework.In addition, relying on a rich array of trading products, robust platform services, and global operational capabilities, Gate actively meets the growing demand for digital asset trading in the European market. This layout not only enhances Gate's localized service capabilities in the European market but also provides solid support for the platform in terms of user trust, fund security, compliance operations, and long-term market expansion, highlighting its compliance competitive advantage among global crypto trading platforms.

According to Cointelegraph, Binance recorded over $400 million in net outflows this week after the exchange announced the withdrawal of its MiCA license application in Greece.According to DefiLlama data, the net outflow this week accounted for 0.3% of Binance's tracked assets ($133.3 billion). On Wednesday (the day the withdrawal was announced), the net outflow was $1.96 billion, followed by outflows of $2.52 billion and $1.46 billion over the next two days.The EU MiCA transitional period is currently in its final stage, and starting from July 1, platforms that are not authorized under MiCA will no longer be able to provide related services to EU users. Binance has begun notifying some EU users to transfer their funds to self-custody wallets or other exchanges.Binance co-founder He Yi stated that although the European market accounts for only about 1% of its spot trading volume, the company still values this market and will continue to advance its MiCA license application.

According to lesechos, the MiCA regulation will officially take effect on July 1, 2026. Cryptocurrency service providers that do not obtain this license will be unable to offer new services in the EU. Currently, a total of 230 MiCA licenses have been issued in Europe, with Germany leading with 56 authorizations, followed by the Netherlands with 26, France with 21, Malta with 15, Cyprus with 13, and Ireland with 12.In France, approximately 40% of regulated cryptocurrency service providers had not submitted license applications previously. The increase in compliance requirements has led some smaller traditional cryptocurrency institutions to face the prospect of being acquired or going out of business.

According to a report by Reuters, Carlos San Basilio, the chairman of Spain's market regulator CNMV, stated that for cryptocurrency companies that fail to obtain the EU MiCA license by the end of June, the regulator will not grant any extensions or exemptions, and large platforms must exit the EU market in accordance with regulations.The regulator is maintaining close communication with unauthorized companies, focusing on their exit plans and arrangements for the transfer of customer assets to protect investor rights. He also warned that investors who engage in new transactions on unauthorized platforms will no longer enjoy protection under the MiCA framework.

According to the Financial Times, due to the failure to obtain a license under the EU's Markets in Crypto-Assets Regulation, Binance will stop providing services to certain customers in the EU starting next week and has notified customers in Poland, Italy, Spain, and France to withdraw their funds.

According to the official announcement, Luxembourg has officially become the registered location of Coinbase under the European Union's Markets in Crypto-Assets Regulation (MiCA) framework (MiCA Home). In the future, Coinbase will use Luxembourg as its EU business center to provide compliant crypto asset services to users in EU member states.

According to official news, Binance has announced that it has decided to withdraw its MiCA license application submitted in Greece and instead seek authorization in another EU member state. The company stated that this move is based on a prudent assessment of the current approval progress and timeline in Greece, emphasizing that user interests are at the core of the decision.Binance stated that Europe remains an important market for it, and its commitment to operate in compliance with the EU MiCA unified regulatory framework remains unchanged. It expects to obtain the relevant licenses in a new member state within the next few months, but the specific country will be announced "when ready."

According to Le Figaro, the French cryptocurrency platform Paymium announced that it has obtained the official EU MiCA license issued by the French Financial Markets Authority (AMF), allowing it to continue providing cryptocurrency trading services in the EU after the new regulations come into effect.The company was founded in 2011 and claims to be the only platform operating a cryptocurrency exchange in France, with over 230,000 global customers, including individuals and institutions. The report points out that MiCA will come into full effect by the end of 2024, and platforms that do not obtain authorization from their national regulatory authorities by June 30 will be forced to cease operations.As of now, only about 20 companies in France have been approved, while about 50 have yet to submit applications, and approximately 200 companies across Europe have been certified.

According to The Block, Erald Ghoos, CEO of OKX Europe, stated that after the full implementation of the European Markets in Crypto-Assets Regulation (MiCA), about 80% of crypto exchanges will be unable to continue operating in the EU.Starting from July 1, platforms that have not obtained MiCA authorization will no longer be allowed to provide crypto services to EU users. Currently, 20 of the 27 EU member states have ended the transition period, while about 60% of European crypto users remain on unauthorized platforms.As of June 18, more than 200 crypto asset service providers (CASP) have obtained formal MiCA authorization, including OKX, Coinbase, and Kraken, and Ripple has also received preliminary approval from Luxembourg regulators.Ghoos believes that MiCA will drive significant consolidation in the European crypto exchange market, with future trading volumes dominated by a few licensed platforms with stronger compliance capabilities.

According to official news, Ripple announced that it has received preliminary approval for a crypto asset service provider license issued by the Luxembourg Financial Supervisory Authority, paving the way for the launch of Ripple Payments in the European Economic Area and full compliance with MiCA standards. This preliminary approval will take effect after the final conditions are met.Combined with Ripple's existing electronic money institution license, European financial institutions can access Ripple's crypto asset and stablecoin payment infrastructure through a single integration.

According to Crowdfund Insider, Greece has rejected Binance's application for authorization under the EU's regulatory framework for crypto assets, possibly due to political pressure from European Central Bank President Christine Lagarde.Binance submitted its application to the Hellenic Capital Market Commission earlier in 2026 and established a holding company locally, having passed key technical reviews. However, the application was swiftly reversed between June 7 and 15, 2026. In a meeting in May, Lagarde informed Greek Prime Minister Kyriakos Mitsotakis that Europe does not welcome Binance. The reason is that Binance, as a dominant platform providing liquidity for stablecoins, is seen by some policymakers as potentially complicating the digital euro project promoted by the European Central Bank.With the path in Greece blocked, Binance has shifted its focus to France to seek MiCA licensing.

The European Commission is publicly soliciting opinions on the revision of the MiCA framework, with the industry focusing on core issues such as stablecoin reserve rules, the decentralization identification of DeFi, and the regulatory jurisdiction of prediction markets.

According to Reuters, Italian crypto fintech company Conio, supported by Poste Italiane and Banca Generali, has obtained a crypto asset service provider (CASP) license under the EU MiCAR framework in Italy. This authorization was granted after review by the Italian Consob and the central bank, allowing Conio to provide services such as digital asset custody, transfers, and distribution.Reports indicate that the MiCAR transition period will end on June 30, 2026, after which unlicensed companies will be unable to provide crypto services in Italy and the EU.

According to CoinDesk, the Malta Financial Services Authority (MFSA) has released a discussion paper exploring how decentralized finance (DeFi) can be incorporated into the EU MiCA framework. The MFSA pointed out that while MiCA exempts "fully decentralized" crypto services, many DeFi projects still retain centralized features such as admin keys, governance centralization, and protocol upgrade permissions.The regulatory body is seeking public opinion on whether decentralization should be viewed as a "spectrum" rather than a binary concept, and discussing whether to establish a standardized framework to determine if protocols fall outside the scope of MiCA regulation. Additionally, the document proposes potential legal structures such as DAOs and segregated cell companies, and examines automated compliance mechanisms like custodial agents. The public consultation on this discussion paper is open until July 10.

The Block reporter Gareth Jenkinson posted on X platform that reliable sources revealed that European Central Bank President Christine Lagarde directly ordered Greece to reject Binance's MiCA license application. The news states that Binance had previously almost obtained approval from Greek regulators, but was obstructed after the European Central Bank intervened. Jenkinson indicated that if the European Central Bank ultimately controls such decisions, it would not be good news for the crypto industry.In addition, according to Cryptopolitan, Binance is now turning to France as the only remaining avenue to obtain MiCA authorization, but has not yet formally submitted an application.

Against the backdrop of the gradual implementation of the EU's Markets in Crypto-Assets Regulation (MiCA), Binance's compliance path in the European market remains uncertain. Whether it can continue to serve EU users in the future may depend on the approval progress of French regulatory authorities.After Greek regulators rejected the relevant authorization application, the French Financial Markets Authority (AMF) is seen as a potential key regulatory entry point. However, Binance has not yet formally submitted a complete MiCA license application and is still in the communication phase with multiple national regulatory authorities.Under the MiCA "single license" mechanism, once authorized by any member state, it can cover the EU's 27-country market. Therefore, the approval results from a single country have a decisive impact on the platform's regional business. The EU regulatory authorities maintain a highly cautious attitude towards the compliance risks of large trading platforms, anti-money laundering mechanisms, and systemic financial risks. The progress of relevant approvals will directly affect the reshaping of the European crypto trading landscape.

As the final deadline for the European MiCA regulatory transition period approaches, BitGo, regulated by Germany's BaFin, announced that its Crypto-as-a-Service platform provides a more convenient MiCA compliance pathway for European crypto businesses, eliminating the need to build an independent compliance operation from scratch. Companies only need to connect their existing wallets to the BitGo wallet system and complete KYC work that meets MiCA requirements, allowing customer assets to be stored in compliant segregated custody accounts. Meanwhile, companies can still apply for their own CASP license in parallel.In terms of costs, BitGo CEO Mike Belshe stated that the fees are relatively low, with a minimum monthly fee of around several thousand dollars, and two options for billing: based on transaction volume or a fixed rate. According to legal firm Hogan Lovells, as of May 2026, there will only be 194 authorized CASPs in Europe, and it is expected that about 75% of the pre-registered crypto businesses under MiCA will lose their registration eligibility after the transition period ends.