Binance is continuing to open and verify new customer accounts in Europe even though it does not appear on the European Union’s list of authorized crypto service providers, according to a report cited in the source material. The development comes seven weeks after the EU’s July 1 deadline for Markets in Crypto-Assets regulation, or MiCA, licensing.
Sandmark said Binance has not yet secured a formal license under MiCA, but the exchange is still operating across several EU countries. The report also said Binance has submitted license applications to regulators in France, Italy and Spain, while the approval process remains ongoing.
For now, customer onboarding and trading services for Binance users in Europe have not been disrupted. The item was cited by Crypto.news and published in a Techub News brief under the policy and regulation category.
Binance is still opening and verifying new customer accounts in Europe even though it does not appear on the European Union’s list of authorized crypto service providers, according to the source material. The activity continued seven weeks after the EU’s July 1 deadline for licensing under the Markets in Crypto-Assets regulation, or MiCA.
A report from Sandmark said Binance has not yet obtained a formal MiCA license, but the exchange continues to operate in several EU countries.
The report said Binance has submitted license applications to regulators in France, Italy and Spain, and that the approval process is still underway.
At present, customer registration and trading services for Binance users in Europe have not been affected.
The item cited Crypto.news.
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