- Reuters reported that Binance's application for a MiCA license in the EU may be rejected.
- Without a license, the exchange will lose the right to operate within the European Union as early as July.
- Binance states that it has met all the requirements of the MiCA regulation and has received no negative signals from the Greek regulator.
The cryptocurrency exchange Binance risks failing to obtain a license under the Markets in Crypto-Assets (MiCA) regulation, which could deprive the company of the right to provide services to clients in European Union countries as early as the beginning of July 2026. This was reported by Reuters, citing two sources familiar with the matter.
According to those sources, Binance's application, filed with the Hellenic Capital Market Commission (HCMC), will likely be rejected.
Under the requirements of the MiCA regulation, all cryptocurrency companies planning to operate within the EU must obtain the relevant license by the end of June 2026. Without it, platforms will not be able to legally provide services to users in the bloc's countries.
An HCMC representative declined to comment on Binance's application, citing confidentiality rules.
Binance's position
In a comment to the Incrypted editorial team, Binance representatives stated that the company continues to cooperate with European regulators and believes it has met all the requirements to obtain the license.
According to the exchange, over the past 18 months it has engaged constructively with regulators as part of the application process with the HCMC.
Binance also noted that, as they understand it, the Greek regulator has completed its review of the documents, found the application compliant with MiCA requirements, and forwarded it for consideration to the European Securities and Markets Authority. The company expects that authorization matters may be reviewed at one of the upcoming Board meetings.
"We remain committed to Europe and ready to work within a fair, predictable, and truly harmonized MiCA regulatory framework. Clear and consistent regulation is essential for users, for the industry, and for Europe's competitiveness in the digital asset space," Binance stated.
Reuters emphasized that, in the event of a rejection, Binance will not be able to continue operating within the European Union after the new MiCA requirements take effect in early July.
As a reminder, in May 2026 the European Commission launched public consultations on the future of MiCA regulation, stressing the need to account for the rapid development of the global cryptocurrency market.
Also, as part of Incrypted Conference 2026, regulators named the timelines for finalizing the cryptocurrency law in Ukraine and debated over MiCA.
Source: Incrypted
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