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International Business Times UK
International Business Times UK
Dani Oh

Binance Has Seven Days to Find a New Home in Europe or Face Being Banned for Millions of Users

Reuters (Credit: Reuters)

Binance has just seven days to secure a new regulatory base in Europe after pulling its MiCA licence application in Greece, leaving millions of EU users facing potential service restrictions when tough new crypto rules take full effect on 1 July.

The world's largest crypto exchange now has to win authorisation in another EU member state or risk losing the ability to fully serve parts of the bloc, as the Markets in Crypto-Assets Regulation (MiCA) moves into its final enforcement phase.

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