Binance's EU comeback plan, and why nobody can say when it'll actually happen

Binance pulled its MiCA software in Greece on June 24, days earlier than the July 1 deadline, after regulators reportedly raised considerations over its AML monitor document and the fit and proper check tied to CZ as majority proprietor. Since July 1, no new EU users, no new deposits, no staking, spot buying and selling frozen for present users too in France, Italy, Poland and Spain. Withdrawals still work fantastic.

Solely around 210 to 244 companies out of almost 3,000 candidates truly acquired a MiCA license by the deadline, so Binance isn't alone here, it's simply the most important identify to overlook it.

Their Europe lead stated they're now going via France as an alternative and are "assured" about getting licensed "within the coming months," but that's not a date, that's PR language. Getting rejected once on match and correct grounds doesn't simply disappear because you file in a unique nation.

Curious if anybody here truly expects a sensible timeline, or if this drags into 2027 while Coinbase and OKX hold eating their EU market share in the meantime.

Not financial recommendation, simply monitoring the regulatory aspect of this.