Binance, the world's largest crypto exchange, is set to lose permission to serve European Union clients from next month because its license application is about to be rejected by Greece's market regulator, two people familiar with the matter told Reuters.

Greece is reportedly set to deny Binance's MiCA license application, potentially barring the exchange from operating across the EU after the July 1

Binance risks losing EU market access after its MiCA licence application in Greece is set for rejection ahead of the July deadline.