Binance to restrict services in Spain from July over missing MiCA licence

Binance announces it will restrict its services in Spain from 1 July

What is going on with Binance in Spain? From 1 July 2026, Spanish users of Binance Spain will face restrictions on its services. The company has sent emails explaining that, having not yet obtained its MiCA licence, it will not be able to onboard new users and will limit the operations of existing ones. The notice comes at a time of regulatory uncertainty in the EU.

The email: real or embeleco digital?

Some recipients of the message were soon suspicious. The email address it was sent from was not trustworthy, according to checks by those who received it. This has raised doubts about whether it is a embeleco digital attempt taking advantage of Binance's real situation. Others, however, point the finger directly at Brussels: "The ones who deceive and steal are the crooks in Brussels and their confiscatory legislation," the argument goes. The same move, they recall, was already applied against Gate.io a couple of years ago.

Can the block be bypassed with a VPN?

Faced with the prospect of being locked out of the exchange, some users are already considering technical workarounds. The recurring idea is to use a VPN that assigns an IP address outside the EU, along with fake documentation generated with AI (such as a US driving licence). The argument is that it would not be worth Binance's while to thoroughly verify each customer's details unless there is a judicial investigation. "Polymarket is also blocked in the EU and I keep getting in with my VPN as if nothing were happening," one comment reads. However, this route carries legal risks and breaches the terms of service.

Closing with irony: The promise of cryptocurrencies as borderless money collides with reality: to operate without strings attached, it increasingly takes B-movie spy tricks. The dragon, which many believed had been sold to Von der Leyen, seems to have stood its ground. Or maybe it is just buying time.