Binance Says It “Remains Fully Committed to Securing Our MiCA License” as EU Exit Risk Looms

Binance is at risk of losing access to the European Union market as a key regulatory decision approaches ahead of a new licensing deadline. The crypto exchange may not secure approval under the EU’s MiCA framework, which would prevent it from continuing to serve users in the bloc starting next month.

License Decision Nears Deadline

Two sources cited by Reuters, Greece’s Hellenic Capital Market Commission is set to reject Binance’s MiCA licence application. Under the new EU rules, crypto firms must obtain approval from a national regulator by the end of June to operate across the bloc. In its response, Binance said it had engaged with Greece’s regulator in good faith and believes its MiCA application meets requirements

A licence granted in one EU country allows firms to “passport” their services across all 27 member states. Without it, companies must stop offering services to EU clients from July.

If the Greek regulator rejects the application, Binance will not receive the authorisation required to continue operating in the region. This outcome would leave the status of its EU-based users unclear.

Binance said it has worked with regulators for about 18 months and believes it meets the requirements under MiCA. The company stated that it understood the Greek regulator had completed its review and considered the application compliant.

Following the report, Binance said it plans to “support an orderly process and minimise disruption to our users.” The company added it will provide an update before June 30.

"Europe remains central to our long-term plans. We believe in the value of a clear, consistent regulatory framework, and MiCA is an important step toward creating that across the EU. A well-functioning single market has real potential to benefit users through more choice, better products, deeper liquidity, and stronger competition."

Binance Response and Regulatory Context

The MiCA framework introduces stricter oversight of crypto firms operating in Europe. Regulators aim to improve investor protection and address risks linked to digital asset markets.

The potential rejection highlights the challenges large crypto firms face in aligning with new regulatory standards. Binance, which serves around 300 million users globally, now faces uncertainty over its ability to maintain operations in one of its key markets.

Binance said it remains committed to securing a MiCA licence and continuing operations in Europe under a clear and consistent regulatory framework.

Binance Defends Compliance Efforts

The exchange stated that it entered the licensing process in good faith and worked closely with Greece’s Hellenic Capital Market Commission over several months. It added that it believes its application meets MiCA requirements and noted that the review process also involved the European Securities and Markets Authority.

The company highlighted its recent compliance efforts, including expanding its compliance workforce and strengthening internal controls. Binance said it has invested in technology and regulatory systems to align with global standards and pointed to its licensing progress in other jurisdictions. These steps, it said, reflect its intention to operate within established rules and maintain oversight across its business.

Binance said its immediate focus is to minimise disruption for users and provide clarity on next steps. It confirmed it will issue a further update before June 30 and share details on available options as more information becomes available. The exchange also warned that delays or setbacks in the licensing process could affect market competition and liquidity in Europe, while reaffirming its long-term commitment to the region.