The company's head, Richard Teng, stated that they still intend to obtain a license in the coming months and continue operations in the EU. However, European regulators claim that crypto companies without a MiCA license must cease their activities in the EU after July 1. They may also transfer users to other platforms. According to Reuters, the crypto exchange has been in talks with regulators in Ireland, Latvia, and Greece. However, the regulatory bodies of these countries, coordinating their actions, denied Binance. They were concerned about the company's links to money laundering and its complex international structure, which is prone to risk. Binance stated that they will continue to seek other jurisdictions to obtain a MiCA license. As of January 2026, the crypto exchange serves over 20 million users in the EU.