Under MiCA rules, unlicensed crypto companies had to wind down their European Union businesses starting July 1, 2026, serving existing customers only to help them transfer or sell their crypto holdings.

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From the articleBinance Faces EU Scrutiny Over MiCA Exemption: ReportAlso in Binance Faces Scrutiny Over Continuing Operations in the EU | PYMNTS.com, ESMA and National Regulators Scrutinize Binance's Reliance on 'Reverse Solicitation' Exemption in the EU, FT Reports - Unchained, Can Binance keep serving EU customers without a MiCA license?, EU watchdogs question Binance over unlicensed European operations, Binance's Abu Dhabi route revives Europe's old fight with offshore brokers - Cryptopolitan, EU questions Binance over continued operations despite wind-down order, EU Presses Binance Over ‘Reverse Solicitation’ Exemption for Users: Report - Decrypt