Reuters reported on June 16, 2026 that Binance, the world’s largest cryptocurrency exchange, is about to lose its ability to serve EU clients after its Greek MiCA license application faced rejection.
Two sources familiar with the matter told Reuters that Greece’s Hellenic Capital Market Commission (HCMC) is set to reject the application. The decision, if made final, would prevent Binance from operating across the 27-nation bloc once the MiCA transition period ends on July 1, 2026.
A major regulatory setback for Binance
Under the European Union Markets within crypto assets (MiCA).A single license grants passporting rights for seamless operations across member states.
Without approval, unlicensed platforms must stop services to avoid enforcement actions, fines or blacklisting by national regulatory bodies.
Binance filed its application in January 2026 Through a Greek subsidiaryciting the country’s skilled workforce and security advantages.
Co-CEO Richard Teng Highlight These strengths in February, expressing confidence in meeting the deadline.
“Greece’s workforce and security situation give it an edge over larger financial centres… Licensing is pretty standard across Europe, so we have to consider many other factors, whether it’s social, talent pool, or safety and security issues. Greece is a place that we think will be a good base for us to expand into Europe.”
Follow us on XTo get the latest news as it happens
Binance declines
Binance spokesperson It is said She told Reuters that the exchange had “worked constructively with regulators over the past 18 months” and believed it had met all MiCA requirements.
The company noted that HCMC completed its review and found the application to be compliant, adding that “HCMC has not provided any formal indication to the contrary.”
HCMC declined to comment, citing confidentiality rules.
Europe represents an important market for Binance. The looming cut comes amid increasing regulatory scrutiny on global cryptocurrency platforms.
Competitors with approved MiCA licenses, such as Coinbase and Kraken, will be able to attract users looking for compatible trading venues.
BNB and broader cryptocurrency markets may face near-term volatility as traders digest the news.
No official rejection has been announced yet.
Binance continues to deal with regulators, while EU users should monitor platform updates regarding deposits, trading, and withdrawals after July 1.
It is still possible that HCMC’s official decision or Binance’s appeal could change the outcome in the coming days.
this post Binance has reportedly been rejected for MiCA by Greece, and the world’s largest exchange has no EU license appeared first on BeInCrypto.
