Binance may have suspended copy trading for European users due to EU MiCA regulations

ChainCatcher news, according to Beincrypto, as the implementation of the EU Crypto Assets Market (MiCA) regulation approaches (by the end of June), the cryptocurrency exchange Binance has disabled its copy trading service for European users.

European users will close their positions in copy trading activities and transfer funds back to their respective spot wallets before the June 28 deadline. After this date, any remaining open positions will be automatically closed at market price, and assets will be transferred to the spot wallet.