Binance To Lose European Operating License: Reports

CryptoProwl

Wed, June 17, 2026 astatine 8:35 AM CDT 1 min read

Multiple media reports accidental that Binance, the world's largest cryptocurrency exchange, is apt to ‌lose its operating licence successful the European Union (EU).

Binance presently operates crossed Europe. But nether caller rules, crypto exchanges request to use for a caller licence by the extremity of June this twelvemonth to proceed serving European clients. 

Binance's exertion to proceed operating successful Europe, which has been made to Greece's marketplace regulator, is acceptable to beryllium rejected, according to media reports.

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The rejection is apt arsenic European regulators question to reign successful cryptocurrency exchanges that let radical to commercialized Bitcoin (CRYPTO: $BTC) and different integer assets.

Under the caller rules, crypto firms specified arsenic Binance indispensable use for licences from regulators successful idiosyncratic European countries, which they tin past usage arsenic a passport to run crossed the EU. 

At involvement for Binance is entree to Europe's lucrative and increasing cryptocurrency industry.

A rejection by the Greek regulator would mean that Binance volition efficaciously beryllium shutout of the European market, leaving its customers successful limbo.

Binance posted connected societal media that it intends to "support an orderly process and minimise disruption to our users," without providing further details connected the concern successful Europe.

Binance, which presently has 300 cardinal customers worldwide, has been pursuing a caller European operating licence for the past 18 months.

Binance has said antecedently that it believes its operations are compliant with European rules and that it should beryllium granted a license.

However, without a licence, Binance would not beryllium capable to proceed operating successful the European Union starting connected July 1 of this year.

Binance is privately held and its banal does not commercialized connected a nationalist exchange.