EU to extend MiCA to DeFi and NFTs.
On July 7, the European Parliament (EP) approved its official stance on further regulation of digital assets.
The report titled “Digital Assets – Challenges for the Competitiveness and Integrity of the EU Financial System” represents the EP’s official policy position on digital assets. However, it does not amend MiCA directly or create new legal obligations for crypto companies.
Lawmakers are calling for expanded oversight and clear rules for sectors currently outside the regulation:
This follows the completion of the MiCA regulation’s transition period on July 1, after which crypto companies in the EU moved to mandatory licensing. The main goal is to prevent individual countries within the bloc from creating their own local rules and fragmenting the single market.
Regulators also noted positive aspects: the EP supports the development of RWA and the use of euro stablecoins, stating that with a proper approach, they can enhance the EU’s financial system competitiveness.
The EP opened public consultations on a potential MiCA expansion in May 2026. The aim is to gather feedback on possible changes to the regulation’s structure, 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 co-CEO Richard Teng clarified the future of its 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 continue to seek a constructive path forward through proper channels, in good faith, and in cooperation with the relevant authorities. We look forward to announcing the approval of our MiCA license in due course,” he emphasized.
Teng believes Europe has the opportunity to become a global leader in digital asset regulation. However, achieving “number one” status requires predictable, proportional, and consistent implementation. He hopes that fragmented MiCA implementation will not cause the EU to miss this opportunity.
“Work continues. Binance is ready to contribute. European users deserve for the MiCA framework to fulfill its original promise,” Teng added.
Earlier, on June 29, cryptocurrency exchange Bybit warned of a phased limitation of some services on its global platform for residents of the European Economic Area.
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