Binance faces a potential halt of its services in the European Union, according to a report citing unnamed sources. The world’s largest cryptocurrency exchange may have its application for a key Markets in Crypto-Assets (MiCA) license rejected by Greece’s regulator, with a deadline of June 30, 2026. Binance has strongly denied these claims, stating its application is compliant and that it remains committed to securing the license.
Binance could be forced to stop serving EU customers as early as next month, according to a report. The exchange’s application for a MiCA license through Greece’s Hellenic Capital Market Commission is expected to be denied.
This would leave Binance without the authorization required to operate in the bloc after the June 30 deadline. The EU’s MiCA framework mandates that all digital asset firms obtain authorization from a national regulator.
A company spokesperson pushed back against the coverage, indicating the application was considered compliant. Binance stated it has not received any formal indication of rejection from the regulator.
The company said it remains fully committed to securing its MiCA license. “With 1,500+ compliance professionals globally, we continue to work closely with regulators while keeping users at the center of every decision,” reads a statement.
CEO Richard Teng also weighed in, saying the company is dedicated to Europe and to securing the license. He added that the team is ready to operate under a harmonized European framework.
In a follow-up post, Teng reassured users that their assets remain secure and accessible. “Please rest assured that your assets remain secure, are and will remain accessible at all times,” he stated.
