Key Points Greece’s HCMC regulator is reportedly preparing to deny Binance’s application for MiCA licensing Without regulatory approval, Binance would be prohibited from serving EU customers
The world’s leading cryptocurrency trading platform, Binance, may soon find itself locked out of European markets starting July 1. According to a Reuters report published Tuesday, Greece’s financial oversight authority is moving toward denying the platform’s application for authorization under the European Union’s Markets in Crypto Assets regulatory regime, commonly referred to as MiCA.
JUST IN:
Binance set to lose permission to offer services to EU clients as licence application in Greece is to be turned down. pic.twitter.com/Ub8ns0hwJD
— Whale Insider (@WhaleInsider) June 16, 2026
Under MiCA regulations, digital asset companies must obtain proper licensing to conduct business within EU territories. The critical cutoff date for securing this authorization is June 30, 2026. Trading platforms lacking proper credentials will be barred from providing services to European Union customers.
Binance submitted its MiCA authorization request to Greece’s Hellenic Capital Market Commission (HCMC) in January of this year. The platform selected Greece as its regulatory jurisdiction after previous industry speculation suggested Malta would be its chosen location.
According to Greek news outlets from the end of last year, Binance established a holding company in Greece concurrent with submitting its license application.
In a blog post released Tuesday, Binance disputed the accuracy of the Reuters article. The company stated that the HCMC had finished its assessment and “considered it compliant with MiCA requirements.”
A company representative told CoinDesk that HCMC notified the European Securities and Markets Authority (ESMA) about the application’s compliance status. According to the spokesperson, HCMC plans to grant authorization during an upcoming board session.
Binance indicated it has dedicated 18 months to pursuing MiCA authorization. The platform committed to providing customers with a status update by June 30, irrespective of the final decision.
The HCMC has not issued any public statement regarding the matter.
The exchange cautioned that interference with its MiCA authorization process would create broader market implications. “It risks weakening liquidity, reducing competition and user choice, and pushing activity, jobs, investment, and tax revenue outside the EU,” Binance stated in its official response.
According to Binance, it maintains the largest European user base among all cryptocurrency exchanges. A prohibition would impact substantial numbers of both retail traders and institutional clients throughout the continent.
Meanwhile, regulatory bodies in countries such as Germany and the Netherlands have granted MiCA authorizations to various digital asset companies in advance of the deadline.
Binance continues operating under compliance oversight in the United States. The company agreed to a $4.3 billion settlement with the US Treasury and Department of Justice in 2023. As part of that agreement, former CEO Changpeng Zhao entered a guilty plea to one felony count.
Recent weeks have seen US legislators demanding explanations from Binance regarding allegations that the platform facilitated approximately $1 billion in transactions involving sanctioned parties.
Binance has not disclosed whether it has developed contingency strategies should the HCMC formally deny its application prior to the June 30 deadline.
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