Crypto news

This week, information emerged that the Greek regulator is reportedly preparing to reject Binance's application for a license under the Markets in Crypto-Assets (MiCA) regulation. However, the exchange categorically denies these claims. According to my data, the review has already been completed, and the application has been found to comply with all requirements of European legislation. The final decision has not yet been made, but Binance promises to provide updated information by June 30.

Let me remind you that MiCA is a unified regulation for all crypto companies operating in the European Union. A license from one national regulator grants the right to provide services in all 27 bloc countries through the passporting mechanism. The transition period ends on June 30, 2026. Without authorization, the platform will not be able to legally serve clients in the EU starting July 1.

Binance's application was reviewed by the Hellenic Capital Market Commission. According to rumors, the authority is ready to reject the exchange, but it provides no official comments, citing confidentiality. Binance insists that it has not received any formal signals of rejection. Moreover, the company claims that the documents were additionally reviewed at the level of the European Securities and Markets Authority (ESMA), and the Greek regulator notified ESMA of its intention to issue a license at the next meeting of its board.

Binance believes that this issue extends beyond a single company and concerns the uniformity of MiCA application within 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.

Binance also presented arguments in favor of its compliance reputation. According to the company, over 1,500 people (about 20% of its staff) are engaged in this area. In December 2025, the exchange received full authorization from the Financial Services Regulatory Authority of the Abu Dhabi Global Market. The company estimates its annual compliance investments at over $200 million.

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

Earlier, ESMA reminded that starting July 1, crypto companies without a MiCA license must cease servicing clients from the European Union. According to Hogan Lovells, only 194 companies had received official authorization by May. This is 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: The situation surrounding Binance is a stress test for MiCA. If regulators start acting inconsistently, it will undermine trust in the EU single market. However, I believe that Binance, given its scale and compliance infrastructure, will most likely obtain the license. The question is only how quickly and transparently this process will proceed.