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Binance faces EU exit as Greece set to reject MiCA license: Report
Binance may lose access to EU customers within weeks as Greece is expected to reject its MiCA license application, people familiar with the matter said. The deadline for compliance is June 30.
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Binance could lose its ability to serve customers across the European Union within weeks. Greece is expected to reject the exchange's Markets in Crypto-Assets (MiCA) license application, according to people familiar with the matter cited by Reuters.
Under the EU's new crypto regulatory regime, companies must obtain approval by June 30 to continue operating in the bloc. Binance said in January it had formally applied to operate under MiCA, choosing Greece as its regulatory jurisdiction. The application was submitted to the Hellenic Capital Market Commission (HCMC), which supervises crypto-asset service providers in the country.
The company engaged closely with the HCMC and described MiCA as an important regulatory milestone that improves clarity and user protection. Binance added that it welcomed the opportunity to support Europe's digital finance ecosystem under the new framework.