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Binance tells EU users it will no longer provide services after failing to secure MiCA license
Key takeaways
- Users were emailed to notify them the exchange was no longer able to accept new registrations and would restrict services, a spokesperson for the Abu Dhabi-based company told CoinDesk.
- On Thursday, the company said it withdrew its license application in Greece and would seek authorization in another EU country.
- "Our ambitions in Europe remain the same, and we are confident we will secure a MiCA licence in the coming months," Binance said in a statement to CoinDesk.
Users were emailed to notify them the exchange was no longer able to accept new registrations and would restrict services, a spokesperson for the Abu Dhabi-based company told CoinDesk. "Your assets remain safe and secure, and will remain accessible at all times," the email said.
On Thursday, the company said it withdrew its license application in Greece and would seek authorization in another EU country.
"Our ambitions in Europe remain the same, and we are confident we will secure a MiCA licence in the coming months," Binance said in a statement to CoinDesk.
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