Binance is Compliant Contrary to Reports

Greece Said to Reject Binance MiCA Bid

@Binance is pushing back against reports that its pan-European crypto license application is headed for rejection. Reuters reported on June 16, 2026 that Greece's Hellenic Capital Market Commission (HCMC) is set to turn down the exchange's application for a MiCA crypto-asset service provider license, citing two sources familiar with the matter. The world's largest crypto exchange disputes the account entirely.

Binance stated that it has worked constructively with regulators for 18 months and that its understanding is that the HCMC completed its review and considered the application compliant with MiCA requirements, including a review at ESMA level.The exchange added that it believes the HCMC "intended to progress the licence and move to authorise at an upcoming Board meeting."

The HCMC declined to comment, citing confidentiality rules.Binance's blog post described the HCMC review as complete but stopped short of confirming the Reuters account that a rejection was imminent. The HCMC has made no public statement on the matter.

What a Rejection Would Mean for EU Users

Binance submitted its MiCA application to the HCMC in January 2026, having established a Greek holding company, Binary Greece, as the anchor for its European operations. A single MiCA authorisation carries passporting rights across all 27 EU member states, making Greece's decision consequential for the entire bloc.

Rather than applying in Germany or the Netherlands, where regulators had already issued dozens of MiCA licenses, Binance opted for Greece, a jurisdiction that had not yet approved a single one. As of early 2026, Germany had granted over 45 MiCA licenses and the Netherlands had issued 22.

A final rejection would block Binance from operating across the 27-nation bloc once MiCA's transitional period ends on July 1, 2026.Under the EU's MiCA framework, a single license grants passporting rights for seamless operations across member states, and without approval, unlicensed platforms must halt services to avoid enforcement actions, fines, or blacklisting by national regulators.The exchange has not publicly disclosed the number of EU users on its platform, but has described itself as serving more European users than any other crypto exchange.

Competitors with approved MiCA licenses, such as Coinbase and Kraken, stand to gain users seeking compliant trading venues if Binance is ultimately locked out. Binance said its "priority is to minimise disruption and keep users informed" and described Europe as "central to our long-term plans."

Sources:Reuters: Greece HCMC set to reject Binance MiCA license applicationBeInCrypto: Binance Reportedly Denied MiCA By GreeceThe Defiant: Binance Could Face EU Exit as Greek Regulator Set to Reject MiCA License