Greek Regulator Expected to Reject Binance MiCA License Application

Binance stated Tuesday that it views its current activities as aligned with the European Union’s Markets in Crypto Assets framework, even as a key licensing cutoff nears. A Reuters dispatch, drawing on two unnamed insiders, indicated the exchange will likely see its request turned down by Greek authorities.

Greece’s markets regulator is set to deny the application. The Hellenic Capital Market Commission is reportedly prepared to turn away the submission prior to the June 30 cutoff, according to the wire service. Outlets including The Block, PYMNTS and Bitcoin Magazine echoed the same account.

The company created a Greek holding entity last December before lodging its formal MiCA request with the HCMC the following month. Approval would have enabled the exchange, which leads the sector in daily trading volume, to extend its offerings across additional member states such as France, Spain and Germany under so-called passporting rules.

Binance maintains its application met all requirements. A company representative told Decrypt that executives “have been pursuing a MiCA licence and have worked constructively with regulators over the past 18 months, including through a comprehensive application process with the HCMC in Greece.” The spokesperson added that officials “completed its review of the application and considered it compliant with MiCA requirements,” while noting the filing also underwent examination at the European Securities and Markets Authority level.

On X, Binance said its “priority is to minimize disruption and keep users informed” and pledged to share concrete next steps and alternatives once more details emerge. A separate blog entry described Europe as remaining “central to [its] long-term plans” and expressed continued readiness to function inside a unified MiCA system.

Rejection would end Binance services for EU users. Failure to secure the license would compel the platform to halt operations throughout the bloc, an outcome the Reuters piece characterized as probable in the near term. The Block noted that European customers could face service interruptions as soon as the deadline passes. French officials stated in January that roughly 90 digital-asset businesses were still active in the area absent full MiCA adherence, although around 30 percent had filed for approval by then. The HCMC declined to comment, citing confidentiality rules.