Exclusive-Binance set to lose EU licence bid, permission to offer services in the bloc, sources say

Binance is reportedly set to lose its bid for an EU license, which would restrict its permission to offer services within the bloc. This development occurs as the MiCA deadline looms. Such a potential exit from the EU could reshape the crypto market, potentially benefiting authorized platforms like Coinbase and Kraken while impacting user choices. These reports regarding the licensing failure were first highlighted by sources including Reuters and Crypto Briefing.