A Reuters report says Binance's MiCA license application in Greece may be rejected before the June 30 EU deadline. The exchange denies receiving any official rejection signal.
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Binance's regulatory standing in Europe hit a fresh point of uncertainty after a Reuters report, citing two sources, said the exchange's MiCA license application with Greece's Hellenic Capital Market Commission could be rejected before the June 30 deadline.
The report, published June 16, said a rejection would block Binance from offering services across the 27 EU member states starting in July. That would mark a major setback for the exchange, which has spent the last 18 months working with Greek regulators to meet the EU's Markets in Crypto-Assets framework.
Binance pushed back hard. The company said it has received no official signal of a rejection and that the review process remains open. It also said it understands the Greek authority's review concluded the application was compliant, though no formal decision has been communicated.
CEO Richard Teng posted on X that user assets remain secure and accessible, and that the exchange intends to support an orderly process. He promised another update before June 30.
The MiCA regulation requires any crypto-asset firm operating in the EU to hold a license from a national regulator. Only about 7% of European crypto companies are fully ready to meet the requirements, according to industry estimates. For Binance, which has faced regulatory pushback in multiple jurisdictions, losing the Greek application would force a restructuring of its European operations.
The exchange said it has dedicated significant resources to global compliance and remains committed to the European market. It also noted that discussions with regulators are ongoing.
If the application is rejected, Binance would face one of its most consequential regulatory tests in Europe since MiCA took effect. For now, the clock is running toward June 30, and no official decision has been announced.
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