Binance is reportedly still allowing some new European users to open and verify accounts more than seven weeks after the European Union’s MiCA licensing deadline took effect on July 1.
According to a recent report, tests conducted in several EU countries found that new users were still able to complete the registration and identity verification process. In some cases, newly created accounts were successfully verified and could receive cryptocurrency deposits.
The tests were carried out in countries including Austria, France, Germany, Spain, and Belgium. Reportedly, users were not shown warnings indicating that Binance does not currently appear on the European Securities and Markets Authority (ESMA) list of authorized crypto service providers under the MiCA framework.
One account created in August using European identification documents was reportedly verified and funded with cryptocurrency, despite being opened after the licensing deadline.
Binance has stated that it remains committed to operating in Europe and is continuing efforts to obtain authorization through an EU member state. The company says service availability may vary depending on local regulations, products, and individual circumstances.
The situation has drawn attention because ESMA previously instructed crypto firms without MiCA authorization to stop onboarding new EU customers and begin implementing plans to wind down restricted services by July 1.
While some Binance services have already been limited in certain European countries, reports suggest that account registration and verification may still be available in some cases. Binance has not publicly provided a detailed explanation for why certain new accounts can still complete the onboarding process.
The exchange has also introduced restrictions in some markets. For example, certain European users have faced limitations on trading services, while withdrawals and some account functions have remained available.
Meanwhile, the number of companies receiving MiCA authorization continues to grow. Hundreds of crypto firms have now been approved under the new European framework, allowing them to operate across multiple EU countries through a single regulatory passport.
As of now, Binance is not listed among the authorized providers on ESMA’s public register. However, the company says it is actively working toward securing approval and remains focused on maintaining its presence in the European market.
The situation continues to develop as regulators review compliance with MiCA rules and monitor how crypto companies are operating across the European Union.
