- Binance’s application for a MiCA licence in Greece is reportedly facing rejection, according to a Reuters report citing unnamed sources.
- The exchange has stated that it has received no formal indication from Greece’s Hellenic Capital Market Commission (HCMC) that its application will be denied.
- Under the European Union’s Markets in Crypto-Assets (MiCA) framework, crypto firms must obtain regulatory approval by June 30, 2026, to continue operating across the bloc.
In response to a story that suggested the company’s licensed operations in the area might be at risk, Binance, whose application under the EU’s Markets in Crypto Assets (MiCA) framework is being considered, has largely refrained from reacting.
The Hellenic Capital Market Commission (HCMC) of Greece, one of the regulators in charge of monitoring MiCA, finished reviewing the cryptocurrency exchange’s application and “considered it compliant with MiCA requirements,” subject to review at the European Securities and Markets Authority (ESMA), according to a blog post published by Binance on Tuesday.
An update on our MiCA licensing journey 🇪🇺
Binance remains fully committed to securing our MiCA license and operating under a unified European framework.
With 1,500+ compliance professionals globally, we continue to work closely with regulators while keeping users at the center… pic.twitter.com/C0tTRlbZ4i
— Binance (@binance) June 16, 2026
The post was made just hours after Reuters revealed that EU authorities were getting ready to reject Binance’s licensing application, which might prevent the exchange from providing services to locals.
Binance Maintains Confidence In Greece MiCA Application
The world’s largest crypto exchange, Binance, has denied getting any official notification that it was rejected. “HCMC has given no formal indication of the contrary,” a Binance representative told Reuters, adding that the business has been working closely with the HCMC for the past 18 months and thinks it has fulfilled all conditions to acquire authorization under MiCA.
MiCA creates a single regulatory framework for EU-based suppliers of crypto-asset services. The new regulations require exchanges to get permission from a member state’s regulator in order to carry on providing services within the bloc.
Greece is an important entry point for Binance’s European expansion strategy because a license issued in one EU nation enables businesses to “passport” their services throughout the continent.
Confirmed Vs. Reported Details: Binance’s MiCA Licence Application
| Confirmed Details | Reported / Unconfirmed Details |
| Binance applied for a MiCA licence through Greece’s Hellenic Capital Market Commission (HCMC). | Reuters reported that Binance’s application is expected to be rejected, citing two unnamed sources. |
| Binance stated that it has not received any formal indication that its application will be rejected. | HCMC has not publicly confirmed or denied the status of Binance’s application. |
| Binance says it has worked with the HCMC for the past 18 months and believes it meets MiCA requirements. | A final regulatory decision from the HCMC has not yet been announced. |
| The EU’s MiCA transition period ends on June 30, 2026. | If Binance does not secure MiCA authorisation before July 1, 2026, it may need to limit or suspend services for EU users. |
| Under MiCA, crypto firms need authorisation from an EU member state to continue operating across the bloc. | Binance may explore alternative licensing routes in another EU member state if its Greece application is rejected. |
Binance’s EU Strategy Faces Uncertainty As July 1 Deadline Nears
Binance may have to halt or limit services for users in the European Union until clearance is obtained if it does not receive MiCA authorization by July 1, 2026.
Although getting a new authorization can take some time, the exchange might potentially look into different licensing options in another EU member state.
The alleged failure coincides with increased scrutiny of the cryptocurrency sector by European regulators. In the past, Binance has encountered regulatory issues in a number of markets, such as Germany and the Netherlands.
The future of Binance in Europe is still up in the air. Whether the exchange can continue to have easy access to one of the most significant cryptocurrency markets in the world will depend on the ultimate ruling made by Greece’s HCMC.
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