Binance Says It Is Still Working for an EU MiCA License as Greece Reportedly Moves to Reject the Application

Binance says it is still trying to secure a MiCA license to keep serving users in the European Union, even as Reuters reported that Greece’s Hellenic Capital Market Commission (HCMC) is about to reject the company’s application. For PSPs and crypto payment partners, the point is simple: if the license does not land by the deadline, Binance loses the right to offer services to EU clients.

1. Binance said in a Tuesday, June 16 blog post that it submitted a comprehensive application for a MiCA license and has been working with the HCMC for many months. The company said it will give European users an update before June 30.
2. Reuters, citing unnamed sources, reported that Binance’s application is about to be turned down by the HCMC, which would mean Binance loses permission to offer services to EU clients at the end of June. The regulator declined to comment, citing confidentiality rules.
3. Binance said its understanding is that the HCMC completed its review and considered the application compliant with MiCA requirements. It also said the application was subject to review at European Securities and Markets Authority (ESMA) level.
4. Under the EU’s Markets in Crypto-Assets Regulation (MiCA), crypto companies that do not secure a license by the end of June will not be allowed to continue operating in the EU, according to the Reuters report. Binance said it will provide further details as additional information becomes available, including next steps and available options.
5. The deadline is already moving through the market: PYMNTS reported on Monday, June 15 that the July 1 compliance date is set to affect crypto exchanges and their users, and CryptoSlate reported on Sunday, June 14 that thousands of unlicensed crypto firms are expected to stop serving EU customers or shut down when the deadline arrives. The report said there were 3,000 registered crypto firms across the EU, but as of May only 194 were licensed under MiCA.

For high-risk PSPs, the operational issue here is not abstract regulation but service continuity. If a major exchange falls out of the licensed perimeter in the EU, routing, acquiring, and payment support tied to that flow need to be checked against the new status quickly, not after the cutoff.