CZ just weighed in on the EU/MiCA situation: "Sad to see EU cutting their users off from the best liquidity in the world.

CZ posted this on X this morning that “its sad to see eu slicing their customers off from the most effective liquidity on the earth. Liquidity is the perfect shopper protection. Hope to see things change sooner or later."

This comes days after binance withdrew its greek mica software and commenced notifying eu users that crypto providers will stop of their nations from july 1 after failing to safe authorization anyplace in the bloc before the deadline.

Nicely this reverses the standard argument,the eu's position has been that mica protects shoppers by requiring verified compliance, custody standards and accountable management earlier than a platform can serve shoppers. CZ is arguing access to deep liquidity is itself a form of safety and that dropping it is a internet loss for eu users regardless of the compliance question.

He doesnt handle why the licence truly stalled though ,reviews point out greek , irish, and latvian regulators raised considerations particularly about binance’s previous legal historical past and corporate structure.

In the meantime platforms that built clear compliance data from day one didnt have this drawback. Bitpanda, Kraken and Coinbase already hold EU licences.

Has anyone gotten extra specific steerage from binance beyond the overall we'll contact you messaging and tbh i actually need this to tug off?