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 before 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 owner. Since July 1, no new EU users, no new deposits, no staking, spot buying and selling frozen for present customers too in France, Italy, Poland and Spain. Withdrawals nonetheless work positive.

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

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

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

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