According to the agency, Binance’s application for a MiCA license, submitted through the Greek regulator, may be rejected in the coming weeks. Without it, Binance will not be able to serve customers in Europe, RBC reports.
MiCA (Markets in Crypto-Assets) is a unified regulatory framework for cryptocurrency companies in the European Union. It is sufficient to obtain a license in just one EU country, after which the company can operate throughout the entire bloc. For example, Bybit, the second-largest crypto exchange, obtained authorization for its European “subsidiary” through Austria. For crypto companies already in operation, the deadline for obtaining a license is set for July 1.
Binance told Reuters that the company has been working with the Greek regulator HCMC for 18 months to obtain a license and believes it has met all MiCA requirements; the exchange has not received any official notifications of rejection.
The day before, CryptoSlate reported that by May 2026, only 194 companies had obtained a MiCA license, even though thousands of crypto services were operating in the European Union before the new rules were introduced. According to the publication’s assessment, for many of them, the July 1 deadline could mean the end of their operations in the EU.
Back in April, the European regulator ESMA recommended that investors check whether the service they use holds a MiCA license. If not, the regulator advised transferring cryptocurrency to a licensed platform or to a personal wallet.
After the transition period ends, regulators will be able to take action against companies that continue to operate without a license.
