According to sources cited by Reuters, the Greek regulator will reject the application from the world's largest exchange before the July 1 deadline.
Binance, the world's largest cryptocurrency exchange, is on the verge of losing access to the European Union market. Reuters reported this on Tuesday, citing two people familiar with the process: the MiCA license application submitted to the Greek regulator is likely to be rejected.
The deadline is June 30th
Under the MiCA Regulation—the European legislation that governs crypto-asset markets—all platforms operating in the EU must be authorized as a CASP (Crypto-Asset Service Provider) before July 1, 2026. Without this license, access to the EU market is prohibited.
Binance submitted its application to the Hellenic Capital Markets Commission (HCMC) in January 2026, choosing Greece as its European regulatory headquarters. The process was described as expedited, and co-CEO Richard Teng himself defended the choice of Greece in February, citing its labor market and security profile.
Mixed positions
The HCMC declined to comment on the situation, citing confidentiality. A Binance spokesperson, however, told Reuters that the company believes it has met all the requirements for obtaining MiCA authorization and that, to their knowledge, the Greek regulator had completed its review of the application, deeming it compliant. "The HCMC has not given any formal indication to the contrary," the spokesperson said.
The implications of a denial
If the rejection is confirmed, Binance—which handles around 40% of the trading volume in Europe—would be unable to operate in the 27 member states starting July 1. The platform had already reduced its offerings in the region in recent months: in March 2025, it removed USDT and eight other non-compliant assets from its European markets.
The context in Spain
In Spain, Bit2Me was lthe first entity to obtain full authorization as a CASP from the CNMV under the MiCA Regulation, in July 2025. The platform operates with a European passport and complies with current regulatory requirements throughout the EU.
Source: Reuters, June 16, 2026. Information developing.
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