Binance to suspend services for EU users

Binance plans to suspend services for users based in the European Union, the Financial Times reported. The development follows the exchange's withdrawal of its Greek crypto business license application last night, at which time it also stated its intention to reapply for a license under the EU's Markets in Crypto-Assets (MiCA) regulation. The grace period granted by the EU for temporary operations to ensure MiCA compliance is set to expire on July 1.