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 report and the match and correct check tied to CZ as majority owner. Since July 1, no new EU customers, no new deposits, no staking, spot buying and selling frozen for present users too in France, Italy, Poland and Spain. Withdrawals still work advantageous.

Only round 210 to 244 companies out of almost 3,000 candidates truly acquired a MiCA license by the deadline, so Binance isn't alone right 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 "in the coming months," however that's not a date, that's PR language. Getting rejected once on fit and correct grounds doesn't simply disappear since you file in a special nation.

Curious if anybody here truly expects a sensible timeline, or if this drags into 2027 whereas Coinbase and OKX maintain consuming their EU market share within the meantime.

Not financial advice, just tracking the regulatory aspect of this.