Binance Pushes Back Against EU License Report

Add TechGaged as your preferred source on Google

See more TechGaged stories across Google News and Discover.

Add

Binance is facing fresh uncertainty in Europe after a Reuters report claimed the world’s largest cryptocurrency exchange will lose permission to operate across the European Union under the bloc’s new crypto rules. According to the report, Binance’s MiCA license application in Greece will receive a “no” before the June 30 deadline. The company has strongly disputed the claims, insisted it remains committed to securing authorization, and reassured customers that their assets remain safe.

Reuters Says Binance Faces MiCA Setback

Reuters, citing two people familiar with the matter, reported on June 16 that Binance’s application submitted through Greece’s Hellenic Capital Market Commission (HCMC) is expected to be rejected.

Under the European Union’s Markets in Crypto-Assets (MiCA) regulation, crypto companies must obtain authorization from one member state’s regulator in order to passport their services across all 27 EU countries. Without a license before the end of June, Binance could lose the legal basis to continue serving customers throughout the bloc beginning in July.

Reuters said the rejection would leave the future of Binance’s European operations uncertain, though neither the HCMC nor the European Securities and Markets Authority publicly commented on the application.

Binance Pushes Back, Reassures Users

Binance responded by disputing the report and saying it has spent the past 18 months working closely with regulators to satisfy MiCA requirements.

The company said it understands that the HCMC completed its review and considered the application compliant, and added that it has received no formal indication that the application has been rejected. 

Binance also emphasized that it employs more than 1,500 compliance professionals globally and remains committed to operating within a harmonized European regulatory framework.

Chief Executive Richard Teng echoed that message in posts on X, where he said that Binance remains dedicated to Europe and intends to continue pursuing a MiCA license. In a separate statement, he sought to reassure customers following the Reuters report.

“Please rest assured that your assets remain secure, are and will remain accessible at all times.”

Teng added that Binance’s priority is to support an orderly process while minimizing disruption for users and said the company expects to provide another update before June 30, 2026.

If Binance ultimately fails to secure MiCA authorization before the deadline, it would represent one of the company’s biggest regulatory setbacks in Europe since the framework took effect. For now, however, Binance maintains that discussions with regulators remain ongoing and that it continues to pursue approval while preparing users for further updates later this month.

The post Binance Pushes Back Against EU License Report appeared first on TechGaged.com.