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06/17 08:26
Binance Faces Potential EU Exit as MiCA License Ap
Binance Faces Potential EU Exit as MiCA License Approval Doubts Grow
Binance, the world’s largest crypto exchange, could soon face one of its biggest regulatory challenges in Europe. Reports suggest its application is facing a potential rejection of its MiCA license application in Greece.
If approval doesn’t arrive in time, Binance could lose legal access to a market of nearly 450 million people across all 27 EU member states.
Why Binance Could Lose EU License
The issue centers around the European Union’s new Markets in Crypto-Assets (MiCA) rules, which become fully effective on July 1. Under MiCA, crypto firms need a single approved license to legally operate across all 27 EU member states.
Binance chose Greece as its European base and submitted its application through a Greek subsidiary in January 2026. The company spent the last 18 months working with regulators and building its compliance framework around MiCA requirements.
Meanwhile, some sources suggest that Greece’s Hellenic Capital Market Commission (HCMC) is expected to reject the application.
If that happens, Binance could lose the legal ability to offer services across the EU unless it secures approval elsewhere.
Binance’s Biggest Compliance Test
Since Changpeng Zhao stepped down and Richard Teng took over, Binance has spent years attempting to rebuild trust with regulators following investigations and enforcement actions across multiple jurisdictions.
MiCA was widely viewed as Binance’s opportunity to secure a clean regulatory reset in Europe.
Binance says it has spent the last 18 months working closely with regulators Binance, the world’s largest crypto exchange, could soon face one of its biggest regulatory challenges in Europe. Reports suggest its application is facing a potential rejection of its MiCA license appl has completed the full licensing process.
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