Binance could lose its ability to operate across the European Union within weeks after its 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.
The exchange submitted its application to Greece’s Hellenic Capital Market Commission (HCMC), but the regulator 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.
A Binance spokesperson said the company has engaged with regulators over the past 18 months and believes it has met all requirements under the framework. The firm added that it understands the regulator has completed its assessment and considers the application compliant, although no official confirmation of rejection has been issued.
This is a developing story.
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