Binance faces possible loss of EU licence after Greek regulator likely to reject MiCA application

The world’s largest cryptocurrency exchange, Binance, has filed a Markets in Crypto‑Assets (MiCA) licence request with Greece’s Hellenic Capital Market Commission (HCMC). Reuters reported that the regulator is expected to reject the application before the end‑June deadline, which would prevent Binance from using the licence as a “passport” to operate across the 27‑member EU bloc.

If the licence is denied, Binance would lose permission to serve European Union customers from 1 July 2026. The company, which serves about 300 million users globally, said it has been working constructively with regulators for 18 months and believes its filing meets MiCA requirements. In a post on X, Binance stated, “We remain fully committed to securing our MiCA licence and operating under a clear, fair and harmonised European framework,” and promised a further update before 30 June 2026.

The potential rejection highlights the EU’s tighter oversight of crypto platforms under MiCA, which aims to protect investors and ensure market stability. Analysts note that losing the licence could force Binance to curb or relocate trading activity outside the EU, affecting liquidity and competition in the European digital‑asset market.