Binance Faces Potential EU Exit as MiCA License Approval Doubts Grow

Binance, the world’s largest cryptocurrency exchange, could lose the ability to serve European Union clients within weeks after its MiCA license application in Greece was reportedly set for rejection, according to sources familiar with the matter. Under the EU’s new Markets in Crypto-Assets (MiCA) framework, crypto firms must secure authorization by the end of June to continue operating across the bloc from July. Without approval, Binance may no longer qualify to provide services to EU customers. Binance said it has worked closely with regulators throughout the process and believes it has met all MiCA requirements. The exchange added that Greece’s regulator has not formally indicated any negative decision.