Binance faces looming EU license rejection ahead of MiCA deadline

Under the European Union’s Markets in Crypto-Assets (MiCA) regulation, firms must secure authorization by the end of June to maintain cross-border operations. While the Hellenic Capital Market Commission has declined to comment on the status of the application citing confidentiality, the impending deadline places the exchange’s European footprint at risk.

A Binance spokesperson maintained that the company has engaged constructively with regulators over the past 18 months and remains confident in its compliance. The firm asserts that it has met all necessary requirements and has received no formal notification from Greek authorities indicating a denial. Co-CEO Richard Teng, who previously championed Greece as the company’s regulatory home due to its security profile, has left the final determination in the hands of European officials. Should the rejection be formalized, the exchange would lose its eligibility to offer services to EU clients starting in July.