Regulation· ★★★★· neutral·

MiCA in France: 35 licensed CASPs as Binance France exits without approval

  • —France now has 35 licensed CASPs, second in the EU after Germany
  • —Binance France missed the MiCA deadline and suspended spot trading
  • —Margin positions and loans of Binance France clients will be liquidated on October 1
  • —ESMA is running a coordinated review of CASP key custody and cybersecurity through H1 2027
Why it matters: France has become one of MiCA's largest markets, and Binance France's exit shows firms cannot operate in the EU without a license.
Source: Journal du Coin
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