Woofun AI reports that Binance will cease operations for European Union users effective July 1st following the rejection of its MiCA license application. The exchange voluntarily withdrew its Greek application and intends to seek authorization in France, though approval is not expected before the service cutoff.

Users in Poland, Italy, Spain, and France have received withdrawal instructions. Binance stated it expects to secure the MiCA license within "the next few months", with the specific member state to be announced later.