Binance suspends services in France after failing to secure MiCA license

Binance has suspended cryptocurrency trading services in several European countries, including France, starting July 1 after failing to secure a license under the EU's Markets in Crypto-Assets (MiCA) regulation by the deadline, BFM Business reported. Users in France, where Binance has approximately two million customers, can now only withdraw their assets and are unable to conduct spot or margin trades. The company stated that all customer assets are being held securely.