- Binance, which says it serves 300m customers globally, warns that prolonged authorisation timelines could push activity outside the EU.
Binance is poised to lose permission to serve European Union clients from July after Greece’s markets regulator moved to reject its application under the bloc’s new MiCA regime, according to people familiar with the matter.
MiCA requires crypto firms to secure authorisation in an EU member state by June 30, enabling “passporting” across the 27-nation bloc; a Greek rejection would leave Binance without an EU base and raise uncertainty for its customers in the region.
Binance said on X it intends to support an orderly process and minimise disruption, adding it has engaged with regulators for 18 months and believes its application meets MiCA requirements.
The company said it understood Greece’s Hellenic Capital Market Commission had completed its review and found the filing compliant; the HCMC declined comment, citing confidentiality rules.
The reported setback comes as European authorities tighten oversight of crypto exchanges to mitigate market risks and protect investors under the landmark MiCA framework.
Binance, which says it serves 300 million customers globally, warned that prolonged authorisation timelines could push activity outside the EU and said it would provide a further update before June 30, 2026.