Binance is on the verge of losing its ability to operate across the European Union after Greek regulators reportedly moved to reject its application under the bloc’s new crypto licensing regime, according to Reuters and other major outlets.
The decision centres on Binance’s application for a Markets in Crypto-Assets (MiCA) licence submitted to the Hellenic Capital Market Commission, which serves as the gateway for crypto firms seeking EU-wide operational approval.
Under MiCA rules, crypto companies must secure authorisation from one EU member state to “passport” their services across the 27-country bloc. Binance selected Greece as its regulatory base, positioning it as its entry point into the European market.
However, sources cited by Reuters indicate that the Greek regulator is expected to reject the application, effectively blocking Binance from continuing services in the EU once the MiCA transition deadline takes effect in July 2026.
If confirmed, the rejection would mark one of the most significant regulatory setbacks for Binance in Europe to date, cutting off access to one of the world’s most tightly regulated crypto markets.
Binance has not confirmed a final rejection and maintains that it has been working with regulators for months. The company has previously stated that it believes its application meets MiCA requirements and that it has engaged closely with Greek authorities throughout the review process.
The exchange, which serves hundreds of millions of users globally, has already faced mounting regulatory pressure across several jurisdictions in recent years. Europe, however, represents one of its most important markets due to the scale of institutional and retail participation.
MiCA was introduced by the European Union to standardise crypto regulation across member states, strengthening oversight around transparency, consumer protection, and anti-money laundering compliance. Once fully implemented, firms without a licence in any EU member state will not be allowed to operate in the bloc.
At the time of reporting, Binance has not issued a formal confirmation of rejection but has indicated it will provide updates as regulatory processes conclude.
If the decision stands, Binance would be forced to halt or restructure its EU operations, marking a major shift in its regulatory position.
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