Binance Reportedly Denied MiCA By Greece, No EU License for the World’s Largest Exchange
Binance, the world’s largest crypto change, is poised to lose its capability to serve EU purchasers after its Greek MiCA license utility faces rejection, Reuters reported on June 16, 2026.
Two sources accustomed to the matter instructed Reuters that Greece’s Hellenic Capital Market Commission (HCMC) is ready to show down the utility. The determination, if finalized, would block Binance from working throughout the 27-nation bloc as soon as MiCA’s transitional interval ends on July 1, 2026.
Major Regulatory Setback for Binance
Under the EU’s Markets in Crypto-Assets (MiCA) framework, a single license grants passporting rights for seamless operations throughout member states.
Without approval, unlicensed platforms should halt companies to keep away from enforcement actions, fines, or blacklisting by nationwide regulators.
Binance submitted its utility in January 2026 via a Greek subsidiary, citing the nation’s expert workforce and safety benefits.
Co-CEO Richard Teng highlighted these strengths in February, expressing confidence in assembly the deadline.
Binance Pushes Back
A Binance spokesperson reportedly instructed Reuters the change “has labored constructively with regulators over the previous 18 months” and believes it has met all MiCA necessities.
The firm famous that HCMC accomplished its assessment and located the utility compliant, including that “HCMC has given no formal indication of the opposite.”
HCMC declined to remark, citing confidentiality guidelines.
Europe represents a major market for Binance. The looming cutoff comes amid heightened regulatory scrutiny on world crypto platforms.
Competitors with accredited MiCA licenses, resembling Coinbase and Kraken, stand to achieve customers looking for compliant buying and selling venues.
BNB token and broader crypto markets could face short-term volatility as merchants digest the information.
No formal rejection has been introduced but.
Binance continues partaking with regulators, whereas EU customers ought to monitor platform updates relating to deposits, buying and selling, and withdrawals after July 1.
An official HCMC determination or Binance attraction may nonetheless shift the final result in the coming days.
Investors are suggested to assessment their publicity and think about licensed options for uninterrupted EU entry.
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