Binance customers in the European Union may lose access to the platform as early as the end of the month after its application for a regulatory license in Greece is reportedly set to be rejected, according to Reuters.
Binance, the world's largest crypto exchange by volume, has been seeking authorization under the EU's Markets in Crypto-Assets (MiCA) framework, which requires crypto firms to obtain a license in order to continue offering services across the bloc.
A grace window was put in place for firms to apply and receive licensure, but that transition phase expires on July 1.
Reuters reported Tuesday that Binance's application with Greece's Hellenic Capital Market Commission is expected to be denied, citing two sources familiar with the matter.
A Binance spokesperson countered that, saying it believes it has met MiCA requirements and worked alongside regulators themselves over an 18-month application process. They added that Binance received no indication that the application would be rejected.
In April, the European Securities and Markets Authority warned that crypto firms serving EU customers without the proper license after July would be in breach of EU law and should make plans to wind down operations or migrate their customers.
Binance has spent the past several years trying to rebuild relationships with global regulators after a series of anti-money laundering compliance failures that resulted in a $4.3 billion settlement with the U.S. in 2023 and a four-month prison sentence for former CEO Changpeng Zhao. Zhao was later pardoned by President Donald Trump.
Meanwhile, the exchange's current CEO, Richard Teng, has made obtaining licenses in major jurisdictions a central part of its expansion strategy. Teng reiterated Binance's commitment to Europe in a tweet posted this morning, saying the company is dedicated to securing a MiCA license and operating under what he called a "clear, fair and harmonised" regulatory framework.
Updated June 16, 2026, 12:04 ET to add a tweet posted by Binance CEO Richard Teng.
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