Crypto news

This week, information emerged that the Greek regulator is allegedly preparing to reject Binance's application for a license under the Markets in Crypto-Assets (MiCA) regulation. However, the exchange quickly refuted this data, stating that the review has already been completed and the documents have been deemed fully compliant with the requirements.

A final decision has not yet been made, and Binance has promised to provide an update by June 30. As a reminder, MiCA is a unified regulation for all crypto companies operating in the European Union. A license obtained from one national regulator allows operations in all 27 bloc countries under the passporting principle. The transition period ends on June 30, 2026, and without authorization from July 1, the platform will not be able to legally serve clients in the EU.

Binance's application was reviewed by the Hellenic Capital Market Commission. According to some reports, the authority was ready to reject the exchange but refrained from commenting, citing confidentiality. Binance, however, insists it has not received any formal signals of rejection. Moreover, the company claims the application was found to comply with MiCA requirements, and the documents were additionally reviewed at the level of the European Securities and Markets Authority (ESMA). There is information that the Greek regulator even notified ESMA of its intention to issue a license at the next meeting of its board.

Binance believes this issue extends beyond a single company and concerns the uniformity of MiCA application across the EU. "The regulation was designed to unify rules and create predictable operating conditions for crypto businesses in the European Union. A situation where a company passes all stages of approval but still faces uncertainty raises questions about the consistency of MiCA norms application," the company commented.

As arguments in favor of its reputation, Binance cites compliance data: over 1,500 people (about 20% of the staff) are employed in this area, and annual investments exceed $200 million. In December 2025, the exchange received full authorization from the Financial Services Regulatory Authority of the Abu Dhabi Global Market.

Binance emphasizes that in Europe, they serve more users than any other platform, so a delay in licensing would affect not only the exchange itself. "This could lead to weakened liquidity, reduced competition and choice for users, as well as an outflow of activity, jobs, investments, and tax revenues outside the EU," the statement reads.

Earlier, ESMA reminded that from July 1, crypto companies without a MiCA license must cease serving clients from the European Union. According to analysts' estimates, by May, only 194 companies had received official permission — a small fraction of the 3,000 firms previously operating in the region. It is expected that about 75% of old platforms will close or exit the European market.

My analysis: This situation is a classic example of how regulatory uncertainty can undermine market confidence. If Binance truly meets all MiCA requirements, the delays and rumors of rejection look like an attempt to pressure a major player. However, for investors and users, it is important to remember: without a license from July 1, Binance could lose access to the European market, which would seriously impact liquidity and competition in the region. Keep an eye on developments — a decision could be made in the coming days.