Binance Faces Greece MiCA Rejection, EU License Hunt

A rejection would leave Binance without a MiCA license as the bloc's unified crypto regime goes live. MiCA gives crypto firms a single licensing route for the European Union. Once approved in one member state, a firm can passport services across the bloc. Without approval, Binance could lose a clear legal route to serve EU clients.

France remains a possible fallback. Binance already holds DASP registration there, giving it an existing regulatory base. A MiCA approval from France would carry wider legal value across the EU. Binance has not confirmed it withdrew the Greek filing.

The company has expanded its compliance staff in recent years, now employing more than 1,500 compliance professionals. Binance serves more than 300 million registered users worldwide. Its European operation remains important because the region has strict rules and large demand.

Greek authorities have not published a formal rejection. Binance said it will provide users with more information before June 30.