Binance is staring down one of its most consequential regulatory challenges in Europe, and the clock is ticking. Greece’s Hellenic Capital Market Commission is expected to reject the exchange’s application for a Markets in Crypto-Assets (MiCA) license, according to Reuters, throwing Binance’s plans for EU-wide operations into serious jeopardy just two weeks before MiCA’s compliance deadline of July 1, 2026.
The exchange, which submitted its MiCA application in January 2026, says it’s not retreating from Europe.
What happened in Greece
Binance set up a Greek holding company in December 2025 as the foundation for its MiCA licensing push. The application followed a month later, and the company has said it pursued the license for roughly 18 months, engaging what it described as constructive dialogue with Greek regulators throughout the process.
Reuters reported on June 16 that the HCMC was likely to reject the bid, a decision that would leave Binance without the legal framework to serve EU clients once MiCA enforcement kicks in.
