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Binance could lose its ability to operate across the European Union within weeks after its Markets in Crypto-Assets (MiCA) license application in Greece is expected to be rejected, according to people familiar with the matter cited by Reuters. Under the EU’s new crypto regulatory regime, companies must obtain approval by the end of June to continue serving EU customers.
Binance said in January it had formally applied to operate under the MiCA framework, choosing Greece as its regulatory jurisdiction ahead of the new rules taking effect later this year. The application was submitted to the Hellenic Capital Market Commission (HCMC), which supervises crypto-asset service providers in the country.
The company has engaged closely with the HCMC and described MiCA as an important regulatory milestone that improves clarity, enhances user protection, and enables more structured innovation in the crypto sector. Binance added that it welcomed the opportunity to support Europe’s evolving digital finance ecosystem under the new framework.
The filing follows the creation of Binary Greece, Binance’s local holding entity focused on investments and advisory services across the region. The application is currently under a fast-track review process with support from advisory firms including PwC, Deloitte, and KPMG, but the HCMC has not publicly commented on the status of the review.
Without a license, Binance would be unable to operate in the EU starting from July 1 under MiCA rules.
Responding to reports that its MiCA license application could be rejected, Binance said it remains committed to Europe and is continuing to pursue a path forward under the bloc’s new crypto regulatory framework.
The company said it had engaged constructively with regulators over the past 18 months and believes its application meets MiCA requirements. Binance said it would keep users informed of next steps and available options ahead of the June 30 deadline.
With the MiCA transition period ending, we are taking a prudent approach that puts customers first and gives users sufficient time and clarity.
Our priority is to minimise disruption and keep users informed. We will provide further details directly as additional information…
— Binance (@binance) June 16, 2026
Update [11:20 AM ET]: This article has been updated to include Binance’s response to reports that its MiCA license application could be rejected.