Binance, the largest platform for cryptocurrency trading worldwide, is in danger of losing the right to provide services to customers in the European Union as the licence application submitted to Greece is allegedly heading for rejection, according to two sources invoked by the Reuters. This development could leave the future of the company's customers in the European market uncertain in view of the implementation of the new MICA regulatory framework.
In particular, according to the report, Binance submitted an application for authorisation to the Hellenic Capital Market Commission in order to comply with the new European rules on cryptocurrency, known as MiCA (Markets in Crypto-Assets Regulation).
As the report states, the new regulatory framework provides that companies in the crypto-currency sector must by the end of June be authorised by a national supervisory authority of a Member State of the European Union. This licence operates as a ‘passport’, allowing businesses to offer services to all 27 Member States of the Union.
It is expected to be rejected in Greece, a block in its European activity
However, according to relevant sources, Binance's request in Greece is expected to be rejected, which would deprive the company of the possibility of continuing to operate on the European market from 1 July.
European regulators have in recent years intensified efforts to monitor crypto-currency exchanges, which allow for the negotiation of digital assets such as bitcoin at global level.
The focus is the supervision of a multi trillion dollar market, for which regulators have been warning for years that it could cause turbulence in the financial markets and damage to investors if it does not operate under adequate control.
The possible rejection of the Greek application would mean that Binance would not receive the necessary approval for activity in the European Union, creating uncertainty for its customers within the European market.
Following the publication of Reuters's report, Binance posted a message on the X platform, saying it intends to "support a smooth process and minimise the impact on our users", without giving more details.
Binance remains are limited to its European users and will continue to operate in compliance with applied law.
— Binance (@binance) June 16, 2026
The company, which states that it serves around 300 million customers worldwide, argues that it has been working for 18 months with the competent authorities to obtain an MiCA licence.
A representative of Binance said that the company considers that it fulfils all the conditions to obtain the required approval. As stated, Binance has the impression that the Hellenic Securities and Exchange Commission has completed its assessment of its application and that it is considered compatible with the requirements of the regulatory framework.
"The Capital Market Commission has given no official indication of the opposite," said the company's representative.
Important advantages in Greece
In February, the co-director of Binance, Richard Teng, had argued that Greece's workforce and the level of security offered by the country are significant advantages over greater European financial centres to create the company's regulatory headquarters in Europe.
His predecessor and founder of Binance, Changpeng Zao, known as CZ, had been pardoned by American President Donald Trump last year, after having previously pleaded guilty to violating American legislation to combat money laundering.
The Greek Securities and Exchange Commission refused to comment on Binance's request, citing confidentiality rules.
According to Reuters, without the required permission Binance will not qualify to continue operating within the European Union since the beginning of July.
Single framework for supervision for the kryptonym industry in Europe
MiCA rules have introduced a single surveillance framework for crypto-currency industry in Europe, at a time when the Trump government in the United States is taking a more friendly attitude towards the industry.
Binance announced that it would proceed with a new update before 30 June 2026, while pointing out that delays in the licensing process could push some of the activity outside the European Union.
Krypton coins are a form of digital money, whose transactions are recorded in a decentralised digital accounting system known as blockchain.