On July 7, the European Parliament (EP) approved its official position on further regulation of digital assets.

The report resulting from the vote, titled "Digital Assets – Challenges for the Competitiveness and Integrity of the European Union's Financial System," serves as the EP's official political stance on digital assets. However, it does not introduce direct changes to MiCA or create new legal obligations for crypto companies.

Lawmakers are calling for expanded oversight and clear rules for sectors that are currently outside the regulation's scope:

  • DeFi;
  • crypto lending and borrowing;
  • staking;
  • NFTs.

This development follows the end of the transitional period for the MiCA regulation on July 1, during which crypto companies in the EU transitioned to mandatory licensing. The primary goal of policymakers is to prevent individual countries within the bloc from creating their own local rules, which could fragment the single market.

Regulators noted positive aspects as well: the EP supported the development of RWA and the use of euro stablecoins, stating that with the right approach, they could enhance the competitiveness of the EU's financial system.

The EP has opened public consultations regarding a potential expansion of MiCA in May 2026. The aim is to gather feedback on possible changes to the regulatory framework, including the potential inclusion of additional types of crypto activities and a review of restrictions related to yield-generating stablecoins.

Binance's Position

On June 24, Binance withdrew its application for a MiCA license in Greece. The exchange stated its intention to seek authorization in another EU country but did not disclose which one.

On July 4, Binance's co-CEO Richard Teng clarified the future of the European division.

Read more here: https://t.co/PZfpjV9PTD

— Richard Teng (@_RichardTeng) July 6, 2026

"Binance is not leaving Europe and is not abandoning MiCA. Europe remains an important market for Binance, and we are still committed to finding a constructive way forward through the proper channels, in good faith and in cooperation with the relevant authorities. We look forward to announcing the approval of our MiCA license within the established timeframe," he emphasized.

Teng believes Europe has the potential to become a global leader in digital asset regulation. However, achieving the status of "number one" requires predictable, proportional, and consistent implementation. He hopes that fragmented implementation of MiCA will not cause the EU to miss this opportunity.

"The work continues. Binance is ready to contribute. European users deserve a MiCA framework that fulfills its original promise," Teng added.

It is worth noting that on June 29, the cryptocurrency exchange Bybit warned of a phased limitation of some services on its global platform for residents of the European Economic Area.