The news marks a historic moment in the implementation of the MiCA Regulation (Markets in Crypto-Assets) and could trigger a large-scale migration of users from Binance to regulated operators. In this context, CheckSig has launched a dedicated transition program for affected users.
Milan, June 25, 2026 - Neither Binance Italy nor any other entity within the Binance Group will obtain a MiCAR license by June 30, 2026. This was communicated to all customers via email on Wednesday, June 24, by the company’s Italian branch. According to market reports, similar communications were also received by customers in other European jurisdictions. As a result, beginning July 1, the leading international platform will no longer be able to provide crypto-asset services in Italy and across the European Union. According to the communication, operations from July 1 onward will be limited solely to ensuring an orderly closure of users’ positions.
MiCAR framework: end of the transitional period and mandatory CASP authorization
The European crypto-asset sector is entering the phase of full implementation of the MiCA Regulation, the European Union’s regulatory framework for crypto-assets. The end of the transitional period requires all operators active in the European market to obtain full authorization as a CASP (Crypto-Asset Service Provider) in order to continue operating.
Under the new regime, non-authorized operators must comply with user notification requirements and phased wind-down procedures, including the cessation of new customer onboarding, the suspension of service promotion, and the restriction of operations to the closure of existing accounts through withdrawals and transfers to other providers.
Binance as the first major stress test of MiCAR
The Binance case represents the first significant test of the practical application of the MiCA Regulation and could accelerate the migration of users toward already authorized providers or self-custody solutions.
The new regulatory framework is expected to drive consolidation within the European market. Ferdinando Ametrano, CEO of CheckSig, commented: “This is the first real stress test for the European market and it accelerates a clear distinction between regulated and unregulated operators. We do not expect significant direct impacts on global crypto prices, given the relatively limited weight of the European market in overall liquidity. The most visible effect will likely be the reallocation of users toward MiCAR-compliant operators such as CheckSig. In this regard, we are proud to offer a complete range of services within the regulated perimeter: trading, custody, custody as collateral for euro-denominated loans, staking, and tax services. We also offer distinctive features that make us unique: the first MiCAR-authorized operator in Italy, the first and currently only CASP acting as a tax withholding agent in Italy, the only Italian operator with insurance guarantees and SOC attestations, and the first operator in the world to provide a public and continuous Proof of Reserves.”.
CheckSig and the transition to the regulated market
In this environment, CheckSig is prepared to meet the demand for operational continuity from users leaving Binance and other platforms that are no longer compliant with the European regulatory framework. The company has activated a dedicated transition program offering personalized assistance, tax support, and operational solutions fully aligned with the MiCA Regulation.
Among the key measures introduced:
- Six months of free custody services for new customers migrating from Binance;
- Preferential conditions for crypto tax compliance and regularization services.
The offer is available on the dedicated page of the CheckSig website.
