Binance is expected to lose permission to serve EU customers in July after Greek regulators reportedly decided to reject its MiCA license application. Reuters reports: Under new EU rules, called MiCA, crypto firms have until the end of June to obtain a licence to allow them to keep servicing clients across the bloc. Binance's application, made to Greece's market regulator, is set to be turned down, the people said. European regulators have been attempting to rein in crypto exchanges, which allow people to trade cryptocurrencies such as bitcoin around the globe. Under MiCA, crypto companies have to apply for licenses from regulators in individual EU countries, which they can use as a "passport" to operate throughout the 27-nation bloc. At stake is oversight of the multi-trillion-dollar crypto industry, which regulators have long warned could destabilize markets and harm investors if not properly supervised. The Greek rejection would mean Binance will not be given the green light to operate in the EU, leaving the fate of Binance's customers based in the bloc uncertain. Binance posted on X after the Reuters report was published that it intends to "support an orderly process and minimise disruption to our users", without giving further details. A spokesperson for Binance, which has 300 million customers worldwide, earlier said it has been pursuing a MiCA licenze and had worked with regulators for 18 months. Binance believes it has met the requirements to be MiCA authorized, the spokesperson said. It understood that Greece's Hellenic Capital Market Commission had completed its review of the application and it was considered compliant. "HCMC has given no formal indication of the contrary," the spokesperson told Reuters.

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An anonymous reader quotes a report from The Guardian: Voters in Switzerland have rejected an unprecedented far-right proposal to cap the country's population at 10 million in a divisive referendum dubbed "the Swiss Brexit." Some 54.79% of voters were against the proposal by the Swiss People's party (SVP) and 45.21% were in favor. Turnout was 58.86%. A different outcome would have obliged the Swiss government to limit the population, currently 9.1 million, to 10 million by 2050, enacting tough restrictions on family reunification, residency permits and asylum if the number had reached 9.5 million before that date. Under the proposals, if the threshold of 10 million people was exceeded before 2050, the Swiss government would have been obliged to withdraw from the country's free movement agreement with the EU -- ending its access to the bloc's single market. The SVP, which has the most seats in parliament, has for years fueled anti-immigrant sentiment, especially concerning workers from neighboring EU countries. The party had insisted that a so-called "sustainability initiative" was needed to address the increase in population, which it argued was putting pressure on Swiss infrastructure, housing, social programs, natural resources and way of life. "Voters were worried about negative consequences for Switzerland's relationship with the EU and for the labour market," said Urs Bieri, from the polling firm GFS Bern. "People are also worried about things like having enough care and health workers. Also, there's a feeling that in the current international environment it's not sensible for a small country to do this."

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