As the implementation of the European Union's Crypto Asset Market (MiCA) regulations approaches (i.e. the end of June), crypto exchange Binance has disabled its copy trading service for European users. It is reported that European users will close positions in copy trading activities and transfer funds back to their respective spot wallets before the June 28 deadline. After this date, any remaining unpositioned squaring positions will be automatically closed at the market price and the assets will be transferred to the spot wallet.