TechFlow reported, according to BeInCrypto, that as the EU's Markets in Crypto-Assets (MiCA) regulations approach implementation, Binance has suspended copy trading services for its European users. Binance has notified its European users to close their copy trading positions and transfer funds back to spot wallets by June 27.
Under MiCA regulations, the new rules will take effect by the end of June, bringing significant impacts to the EU crypto market. Any open positions not closed by then will be automatically liquidated at market prices, with assets transferred into spot wallets.
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