Binance Halts Crypto Trading in France on July 1 After MiCA License Failure

According to ECB President Christine Lagarde's intervention, on July 1, 2026, Binance halted crypto trading services in France after failing to secure a MiCA license, affecting around 2 million users. The exchange withdrew its application weeks before the regulatory deadline after Lagarde raised objections. Users retained the ability to withdraw assets but lost access to spot, margin, and futures trading. The halt extended to Poland, Italy, and Spain, reflecting a broader EU regulatory shift. As of June 29, the EU had issued only 244 valid MiCA licenses out of approximately 3,000 applicants, underscoring the stringent compliance bar that Binance could not meet in time.
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