Coinbase Just Fired 950 Staff, Cites Reason for Doing So

The MiCA transition period expired on July 1, 2026, forcing unlicensed European crypto platforms to immediately shut down. Here is what you need to know.

The EU's MiCA transitional period has officially expired. Binance and up to 80% of crypto platforms now face strict lockouts from European markets.

As the Europe crypto license deadline passes, strict MiCA regulation enforcement forces Binance out while compliant firms like Ripple rapidly expand.

The MiCA transition ends July 1, 2026. As the EBA threatens 12.5% fines, Binance restricts EU services and licensed exchanges absorb displaced users.