Binance, the world’s largest crypto exchange, is on the verge of losing its ability to serve EU customers after its Greek MiCA license was rejected, Reuters reported on June 16, 2026.
Two sources familiar with the matter told Reuters that Greece’s Hellenic Capital Market Commission (HCMC) is ready to reject the project. The proposal, if finalized, would prevent Binance from operating across 27 countries after the MiCA transition period expires on July 1, 2026.
Major Regulatory Return for Binance
Under the EU Markets in Crypto-Assets (MiCA) frameworka single license gives the right to issue a passport to operate freely in all member states.
Without approval, unlicensed platforms must suspend operations to avoid enforcement, fines, or registration by national authorities.
Binance submitted its application in January 2026 through a Greek organizationmention of workforce skills and national security.
Co-CEO Richard Teng lighting fixtures these forces in February, showing confidence in meeting the deadline.
“Greece’s workforce and security history made it able to manage large financial centers… The license is well known throughout Europe, so we have to consider many other factors, whether it’s social, whether it’s talent, safety and security. Greece is where we think it will be a good base for our growth in Europe.”
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Binance Pushes Back
Binance spokesperson he says told Reuters the exchange “has worked effectively with regulators over the past 18 months” and believes it has met all MiCA requirements.
The company noted that HCMC had completed a review and found the project to be compliant, adding that “HCMC did not issue a separate identification.”
HCMC declined to comment, citing privacy laws.
Europe represents an important market for Binance. The upcoming cuts come amid heightened scrutiny of crypto platforms around the world.
Competitors with valid MiCA licenses, such as Coinbase and Kraken, gain access to users who are looking for an affiliate market.
The BNB token and the broader crypto markets may experience temporary volatility as traders share the news.
No official denials have been announced.
Binance continues to engage with regulators, while EU users must monitor platform changes related to deposits, transactions, and withdrawals after July 1.
HCMC’s official decision or Binance’s appeal could still change the outcome in the coming days.
A note Binance Says It Was Denied MiCA By Greece, No EU License for World’s Largest Exchange appeared for the first time BeInCrypto.
