Binance Could Lose E.U. Access Amid Licensing Hurdle

5 days ago 7

Bankless

Tue, June 16, 2026 astatine 10:51 AM CDT 1 min read

Reuters has reported that Binance's bid for a MiCA licence successful Greece is expected to beryllium denied, perchance forcing the ascendant planetary crypto speech to intermission services for E.U. clients astatine the extremity of June 2026.

What's the Scoop?

Last Stretch: The quality lands 2 weeks earlier July 1st, the E.U.'s legislative cutoff point, aft which unlicensed crypto firms volition beryllium successful usurpation of a bloc-wide law.
What's Happening: Sources told Reuters that Greece's Hellenic Capital Market Commission is preparing to crook down Binance's MiCA application. The HCMC declined to comment, declining connected confidentiality grounds.
Pushing Back: Greece has been Binance's chosen E.U. jurisdictional foothold to date. A Binance spokesperson said the exertion went done an 18-month process and that Binance believes it cleared MiCA's requirements, with its reappraisal really considered compliant astatine 1 point.
Potential Blunder: Binance co-CEO Richard Teng chose Greece implicit bigger E.U. markets specifically for its workforce and regulatory posture, saying earlier this twelvemonth that he'd fto regulators marque the last call. That stake is present looking shaky.