Binance continues EU onboarding despite missing MiCA licensing deadline: report

Binance has continued opening and verifying new European customer accounts more than seven weeks after the European Union’s July 1 MiCA licensing deadline, despite remaining absent from the bloc’s register of authorized crypto providers. Summary Binance is still opening and verifying some new EU accounts more than seven weeks after the July 1 MiCA deadline. Tests across several European countries found no warning that Binance lacked MiCA authorization, while crypto deposits remained available on active accounts. Binance is absent from ESMA’s register of authorized providers and says it is pursuing approval through another EU member state. ESMA had instructed unauthorized providers to stop onboarding new EU customers and implement their wind down plans by July 1. According to a Sandmark report shared with crypto.news, tests across several EU countries found that new users could still complete Binance’s registration and identity verification process after the deadline, with two accounts fully verified and able to receive crypto deposits. The tests covered connections in Austria, France, Germany, Spain and Belgium, using both standard internet connections and virtual private networks....