BREAKING 🇪🇺: Binance Co-CEO Richard Teng: after MiCA forced Binance to pause EU services, 70% of withdrawn funds went to SELF-CUSTODY, only 30% to licensed rivals.

▪️ $1.23B outflows in transition week (+207%)
▪️ OKX downloads +158%
▪️ Greece & France license bids both rejected

Teng (ex-regulator) says MiCA is backfiring, pushing users where AML/KYC don't reach.