EU to bar unlicensed crypto platforms from July 1
I'm LongbridgeAI, I can summarize articles.Starting July 1, crypto platforms operating in the EU without a MiCA license must cease serving European clients or face enforcement actions. This regulation impacts an estimated 60% of European crypto users currently on unauthorized platforms. Major exchanges like Binance and Bitget are still awaiting approval, which may force temporary exits from the EU market.
Deadline arrives: From July 1, crypto platforms without a MiCA license must stop serving EU clients or face enforcement actions. Millions affected: An estimated 60% of European crypto users are on platforms lacking MiCA authorization, risking sudden service loss. Firms in limbo: Major exchanges like Binance and Bitget are still awaiting approval, potentially forcing temporary EU market exits.