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 match and correct check tied to CZ as majority owner. 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 positive.

Solely around 210 to 244 companies out of almost 3,000 applicants truly received a MiCA license by the deadline, so Binance isn't alone right here, it's just the most important identify to miss it.

Their Europe lead stated they're now going by way of 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 as soon as on fit and proper grounds doesn't simply disappear since you file in a unique nation.

Curious if anyone right here truly expects a sensible timeline, or if this drags into 2027 whereas Coinbase and OKX hold consuming their EU market share in the meantime.

Not monetary recommendation, just monitoring the regulatory aspect of this.