Reuters cited two sources saying Greece's HCMC will deny the world's largest crypto exchange its license before the July 1 hard deadline – a finding Binance publicly disputes, saying its application was reviewed and found compliant.
Greece’s markets regulator is expected to deny Binance’s application for a MiCA crypto-asset service provider license before the June 30 deadline, Reuters reported on June 16, citing two people familiar with the matter. If confirmed, Binance would be unable to operate legally across the European Union from July 1, when the bloc’s transitional period for crypto firms expires.
Binance disputed the report. In a statement on its blog, the exchange said it “has worked constructively with regulators over the past 18 months” and that its understanding is that Greece’s Hellenic Capital Market Commission (HCMC) “completed its review of the application and considered it compliant with MiCA requirements.” Binance said the application was also reviewed at the level of the European Securities and Markets Authority (ESMA), with the HCMC indicating it intended to progress the licence toward authorisation. The HCMC declined to comment, citing confidentiality rules.
Binance submitted its MiCA application to the HCMC in January 2026, having established a Greek holding company, Binary Greece, in December as the anchor for its European operations. A single MiCA authorisation carries passporting rights across all 27 EU member states, making Greece’s decision consequential for the entire bloc.
On X, Binance said its “priority is to minimise disruption and keep users informed,” and described Europe as “central to our long-term plans,” adding that it “remains willing and ready to operate under a truly harmonised MiCA regime.”
The June 30 date is a hard deadline. Any crypto firm without an authorised MiCA licence faces having to cease EU services from July 1. Binance is the world’s largest exchange by daily trading volume, and an EU exit would represent a significant operational setback even if the firm continues to operate elsewhere.
The Reuters report does not constitute a final regulatory decision, and Binance’s public response suggests it believes the process is not yet closed. The gap between what Binance says it was told and what Reuters is reporting is notable. With less than two weeks until the deadline, resolution is unlikely to come slowly.
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