Binance CEO Criticizes MiCA, Says Regulation Is Driving Users Toward Self-Custody

Binance co-CEO Richard Teng criticized the European Union's Markets in Crypto-Assets (MiCA) regulation at a Reuters summit, stating it is backfiring by pushing EU users toward self-custody wallets rather than licensed platforms. According to Binance data, 70% of funds withdrawn from its platform moved into non-custodial solutions.

By Lockridge Okoth Fri, July 10, 2026 at 12:12 AM GMT+3 2 min read · Yahoo Finance · July 9, 2026, 21:12 UTC

Topics: Binance EU regulations MiCA self-custody

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