Binance denies rumors about the blocking of the MiCA license: the exchange insists on full compliance with requirements
On June 16, information emerged in the media that the Greek regulator was allegedly preparing to reject Binance's application for a license under the Markets in Crypto-Assets (MiCA) regulation. However, the exchange immediately issued a denial, stating that the review had already been completed and its application was found to be fully compliant with the requirements.
The final decision is still under consideration. Binance has committed to providing an update on the status of the application by June 30. This is a crucial moment, as from July 1, 2026, all crypto companies operating in the European Union must have a single license from one of the national regulators. Without it, serving clients in the 27 bloc countries will become impossible.
What is happening with Binance's application?
The application was being reviewed by the Hellenic Capital Market Commission. According to sources, the authority was ready to reject the exchange, but it did not provide any official comments, citing confidentiality. Binance insists that it has not received any formal notification of rejection. Moreover, according to the exchange, the Greek regulator has already notified the European Securities and Markets Authority (ESMA) of its intention to issue a license at the next meeting of its board.
The company emphasizes that the situation goes beyond a single legal entity and calls into question the uniform application of MiCA across the EU. "The regulation was created to unify the rules, but if a company goes through all stages of approval and still faces uncertainty, it raises questions," Binance noted.
Arguments in favor of compliance
Binance is actively promoting its reputation in the field of regulatory compliance. According to the exchange, over 1,500 employees (about 20% of the staff) are engaged in compliance, and annual investments in this area exceed $200 million. In December 2025, the platform already received full authorization from the Financial Services Regulatory Authority of the Abu Dhabi Global Market. Additionally, Binance serves more users in Europe than any other exchange, so a delay in the license, according to the company, would not only affect it.
"This could lead to a weakening of liquidity, reduced competition, and an outflow of activity, jobs, and tax revenues outside the EU," Binance warns.
Market context
Earlier, ESMA reminded that from July 1, crypto companies without a MiCA license must cease serving clients from the European Union. According to Hogan Lovells estimates, by May, only 194 companies had received official permission — a small fraction of the approximately 3,000 firms previously operating in the region. It is expected that up to 75% of old platforms will close or leave the European market.
Expert commentary: The situation with Binance is a litmus test for the entire MiCA system. If even such a giant with multi-million dollar investments in compliance faces bureaucratic delays, it signals serious problems in the regulation itself. European regulators risk not only losing liquidity but also undermining trust in the unified licensing system, which was supposed to simplify life for crypto businesses, not complicate it.