Binance denies rumors about MiCA license rejection: application deemed compliant with requirements
Last week, information emerged that the Greek regulator is preparing to reject Binance's application for a license under the Markets in Crypto-Assets (MiCA) regulation. However, the exchange immediately denied this, stating that the review has already been completed and its documents fully comply with the requirements of European legislation. A final decision has not yet been made, and Binance has committed to providing updated information by June 30.
The Core of the Dispute: Application or Rejection?
According to data circulating in the media, the Hellenic Capital Market Commission is ready to reject Binance but cites confidentiality rules and does not comment on the progress of the review. The exchange itself insists that it has not received any formal notifications of rejection. Moreover, according to the company, its application was deemed compliant with MiCA, and the documents were additionally reviewed at the level of the European Securities and Markets Authority (ESMA). Binance representatives claim that the Greek regulator has notified ESMA of its intention to issue a license at the next meeting of its board.
Why This Matters for the Entire Market
MiCA is a unified regulation that, from June 30, 2026, will require all crypto companies operating in the European Union to obtain authorization from one of the national regulators. Without this, from July 1, the platform will not be able to legally serve clients in the 27 countries of the bloc. As of now, according to Hogan Lovells estimates, only 194 companies out of approximately 3,000 previously operating in the region have received official approval. It is expected that about 75% of the old platforms will close or leave the European market.
Binance's Position: Compliance and Reputation
Binance emphasizes that the issue extends beyond a single company and concerns the uniformity of MiCA application. The exchange notes that the regulation was designed to standardize rules, but a situation where a company passes all stages of approval yet still faces uncertainty raises questions about the consistency of the norms. As arguments in favor of its reputation, Binance cites data: over 1,500 people (about 20% of its staff) are employed in compliance, and annual investments in this area exceed $200 million. Additionally, in December 2025, the exchange received full authorization from the Financial Services Regulatory Authority of the Abu Dhabi Global Market.
Consequences for the EU Market
Binance warns that a delay in licensing will affect not only the platform itself but also the entire European market. According to the exchange's estimates, this could lead to weakened liquidity, reduced competition, and an outflow of activity, jobs, and tax revenues outside the EU. Given that Binance serves more users in Europe than any other platform, a potential rejection could indeed have serious consequences.
My analysis: The situation with Binance and MiCA is a stress test for the entire European regulatory framework. If the application truly meets the requirements but the regulator is delaying, it creates a dangerous precedent of uncertainty for all market participants. The market needs not only strict rules but also predictability in their application. Otherwise, even the largest players may begin to reconsider their strategies in the EU, ultimately harming users and liquidity.