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Binance Faces EU Deadline
Description
Spain’s financial regulator has shut the door on crypto extensions, enforcing a hard July 1st deadline for EU exchanges to comply with MiCA. Binance, caught off guard, is pulling applications and faces severe restrictions if it fails to secure licenses — potentially halting new EU users and limiting services. While rivals scramble for last-minute approvals, users are already fleeing to licensed platforms like Kraken, signaling a major shakeup in Europe’s crypto scene as regulators push for unified, secure markets.
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